Bellatrix Exploration (BXE) Earning Somewhat Negative Media Coverage, Report Shows

Headlines about Bellatrix Exploration (NYSE:BXE) (TSE:BXE) have been trending somewhat negative this week, according to Alpha One. Alpha One, a subsidiary of Accern, rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bellatrix Exploration earned a daily sentiment score of -0.05 on Alpha One’s scale. Alpha One also gave headlines about the oil and gas exploration company an impact score of 18 out of 100, meaning that recent media coverage is very unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Alpha One Sentiment’s rankings:

Insider Buying and Selling by Quarter for Bellatrix Exploration (NYSE:BXE)

Bellatrix Exploration (NYSE:BXE) traded down 4.6352% during mid-day trading on Tuesday, reaching $0.5843. The company had a trading volume of 503,578 shares. Bellatrix Exploration has a one year low of $0.57 and a one year high of $1.25. The stock has a 50 day moving average price of $0.69 and a 200 day moving average price of $0.80. The company’s market capitalization is $144.08 million. Bellatrix Exploration shares are scheduled to reverse split on the morning of Thursday, July 6th. The 1-5 reverse split was announced on Wednesday, May 17th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, July 5th.

Bellatrix Exploration (NYSE:BXE) (TSE:BXE) last released its quarterly earnings results on Wednesday, May 10th. The oil and gas exploration company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.03). 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 return on equity of 3.84% and a negative net margin of 14.50%. On average, equities analysts expect that Bellatrix Exploration will post ($0.06) earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the company. Canaccord Genuity raised Bellatrix Exploration from a “hold” rating to a “buy” rating and set a $2.00 price objective for the company in a research report on Wednesday, March 8th. Clarus Securities reaffirmed a “hold” rating on shares of Bellatrix Exploration in a research report on Thursday, May 11th. Finally, Zacks Investment Research cut Bellatrix Exploration from a “buy” rating to a “hold” rating in a research report on Tuesday, March 7th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Bellatrix Exploration currently has a consensus rating of “Hold” and an average price target of $1.38.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BXE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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