TD Securities reissued their hold rating on shares of Bellatrix Exploration Ltd. (NYSE:BXE) in a research note released on Thursday morning. TD Securities currently has a $1.50 price objective on the oil and gas exploration company’s stock.

A number of other equities research analysts have also issued reports on the company. Credit Suisse Group AG restated a neutral rating and issued a $1.25 price target (up from $1.00) on shares of Bellatrix Exploration in a research report on Thursday. Canaccord Genuity set a $1.60 price target on Bellatrix Exploration and gave the company a hold rating in a research report on Tuesday. Scotiabank restated a sector perform rating and issued a $1.50 price target on shares of Bellatrix Exploration in a research report on Friday, September 16th. Zacks Investment Research lowered Bellatrix Exploration from a hold rating to a sell rating in a research report on Wednesday, August 24th. Finally, AltaCorp Capital reiterated an overweight rating and issued a $1.60 price objective (down from $2.00) on shares of Bellatrix Exploration in a research report on Saturday, August 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $1.81.

Bellatrix Exploration (NYSE:BXE) opened at 0.9559 on Thursday. Bellatrix Exploration has a one year low of $0.75 and a one year high of $2.25. The stock’s market capitalization is $227.04 million. The stock has a 50 day moving average price of $0.83 and a 200-day moving average price of $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. The company earned $48.29 million during the quarter, compared to analysts’ expectations of $43.23 million. Bellatrix Exploration had a negative net margin of 172.35% and a negative return on equity of 7.63%. Analysts anticipate that Bellatrix Exploration will post ($0.30) earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in Bellatrix Exploration by 897.1% in the first quarter. Royal Bank of Canada now owns 1,288,841 shares of the oil and gas exploration company’s stock worth $1,302,000 after buying an additional 1,159,576 shares during the period. Renaissance Technologies LLC boosted its position in Bellatrix Exploration by 98.7% in the first quarter. Renaissance Technologies LLC now owns 502,600 shares of the oil and gas exploration company’s stock worth $508,000 after buying an additional 249,600 shares during the period. Schroder Investment Management Group boosted its position in 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 worth $22,062,000 after buying an additional 11,857,616 shares during the period. Cubist Systematic Strategies LLC boosted its position in 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 worth $245,000 after buying an additional 15,282 shares during the period. Finally, A.R.T. Advisors LLC purchased a new position in Bellatrix Exploration during the second quarter worth approximately $215,000. Institutional investors own 24.05% of the company’s stock.

About Bellatrix Exploration

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.

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