Bellatrix Exploration (NYSE:BXE) (TSE:BXE) was downgraded by analysts at UBS from a “market perform” rating to an “underperform” rating in a report released on Thursday.

Other research analysts have also recently issued reports about the stock. Northland Securities set a $3.00 price objective on shares of Bellatrix Exploration and gave the stock a “buy” rating in a research note on Monday. Scotiabank reissued a “hold” rating and set a $5.00 price objective on shares of Bellatrix Exploration in a research note on Tuesday, October 10th. Canaccord Genuity reissued a “hold” rating and set a $3.75 price objective on shares of Bellatrix Exploration in a research note on Friday, November 10th. AltaCorp Capital lowered shares of Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a research report on Friday, November 10th. Finally, Zacks Investment Research lowered shares of Bellatrix Exploration from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Bellatrix Exploration has an average rating of “Hold” and an average price target of $3.92.

Bellatrix Exploration (BXE) opened at $1.51 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 0.59. Bellatrix Exploration has a 12 month low of $1.44 and a 12 month high of $5.15.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Eagle Investment Management LLC acquired a new stake in Bellatrix Exploration during the third quarter worth approximately $1,153,000. Proxima Capital Management LLC boosted its position in Bellatrix Exploration by 12.6% during the second quarter. Proxima Capital Management LLC now owns 5,405,000 shares of the oil and gas exploration company’s stock worth $3,085,000 after acquiring an additional 605,000 shares during the last quarter. Finally, Signia Capital Management LLC boosted its position in Bellatrix Exploration by 73.9% during the second quarter. Signia Capital Management LLC now owns 8,693,132 shares of the oil and gas exploration company’s stock worth $5,039,000 after acquiring an additional 3,694,195 shares during the last quarter. Hedge funds and other institutional investors own 40.17% of the company’s stock.

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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.

Analyst Recommendations for Bellatrix Exploration (NYSE:BXE)

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