Bellatrix Exploration Ltd (NYSE:BXE) Set to Announce Earnings on Thursday
Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE) is set to release its earnings data before the market opens on Thursday, August 10th. Analysts expect Bellatrix Exploration to post earnings of ($0.12) per share for the quarter.
Bellatrix Exploration (NYSE:BXE) (TSE:BXE) last released its earnings results on Wednesday, May 10th. The oil and gas exploration company reported ($0.15) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.15). The business had revenue of $49.87 million during the quarter, compared to the consensus estimate of $48.80 million. Bellatrix Exploration had a negative net margin of 14.50% and a negative return on equity of 3.84%. On average, analysts expect Bellatrix Exploration to post $-0.22 EPS for the current fiscal year and $-0.49 EPS for the next fiscal year.
Bellatrix Exploration Ltd (NYSE:BXE) opened at 2.58 on Tuesday. Bellatrix Exploration Ltd has a 52-week low of $2.24 and a 52-week high of $5.35. The company has a 50-day moving average of $2.65 and a 200-day moving average of $3.53. The company’s market cap is $127.24 million.
A number of analysts have commented on BXE shares. Zacks Investment Research lowered shares of Bellatrix Exploration from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 11th. Clarus Securities restated a “hold” rating on shares of Bellatrix Exploration in a research note on Thursday, May 11th. Finally, ValuEngine upgraded shares of Bellatrix Exploration from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $6.88.
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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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