Scotiabank reiterated their sector perform rating on shares of Bellatrix Exploration Ltd. (NYSE:BXE) in a report issued on Friday morning. They currently have a $1.50 price objective on the oil and gas exploration company’s stock.

A number of other research firms also recently issued reports on BXE. Canaccord Genuity reissued a hold rating on shares of Bellatrix Exploration in a research report on Thursday, June 16th. AltaCorp Capital reaffirmed an overweight rating and set a $1.60 price objective (down previously from $2.00) on shares of Bellatrix Exploration in a research report on Saturday, August 13th. Zacks Investment Research downgraded Bellatrix Exploration from a hold rating to a sell rating in a research report on Tuesday, July 19th. TD Securities reaffirmed a hold rating on shares of Bellatrix Exploration in a research report on Saturday, August 13th. Finally, Dundee Securities reaffirmed a buy rating and set a $2.85 price objective (down previously from $3.00) on shares of Bellatrix Exploration in a research report on Friday, June 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Bellatrix Exploration presently has an average rating of Hold and a consensus target price of $1.94.

Shares of Bellatrix Exploration (NYSE:BXE) opened at 0.9361 on Friday. The company’s market capitalization is $222.33 million. Bellatrix Exploration has a 1-year low of $0.75 and a 1-year high of $2.25. The firm’s 50 day moving average price is $0.82 and its 200-day moving average price is $0.99.

Bellatrix Exploration (NYSE:BXE) last posted its quarterly earnings results on Wednesday, August 10th. The oil and gas exploration company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.07. Bellatrix Exploration had a negative return on equity of 7.63% and a negative net margin of 172.35%. The firm had revenue of $48.29 million for the quarter, compared to the consensus estimate of $43.23 million. Analysts expect that Bellatrix Exploration will post ($0.30) EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in BXE. Royal Bank of Canada boosted its position in shares of Bellatrix Exploration by 23.1% in the second quarter. Royal Bank of Canada now owns 1,586,656 shares of the oil and gas exploration company’s stock valued at $1,570,000 after buying an additional 297,815 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Bellatrix Exploration by 6.6% in the second quarter. Cubist Systematic Strategies LLC now owns 248,225 shares of the oil and gas exploration company’s stock valued at $245,000 after buying an additional 15,282 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in shares of Bellatrix Exploration during the second quarter valued at about $215,000. Ingalls & Snyder LLC purchased a new position in shares of Bellatrix Exploration during the second quarter valued at about $105,000. Finally, Schroder Investment Management Group boosted its position in shares of Bellatrix Exploration by 215.0% in the second quarter. Schroder Investment Management Group now owns 17,371,683 shares of the oil and gas exploration company’s stock valued at $22,062,000 after buying an additional 11,857,616 shares during the last quarter. Hedge funds and other institutional investors own 24.05% of the company’s stock.

Bellatrix Exploration Company Profile

Bellatrix Exploration Ltd. is an oil and gas exploration company engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s properties include Ferrier, Willesden Green, Greater Pembina, Strachan and Harmattan.

5 Day Chart for NYSE:BXE

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