Bellatrix Exploration (BXE) Shares Up -2.1%

Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE)’s share price shot up 2.1% during mid-day trading on Monday . The stock traded as high as C$1.96 and last traded at C$1.88. 473,504 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 431,502 shares. The stock had previously closed at C$1.92.

Several brokerages have recently issued reports on BXE. Eight Capital lowered their price objective on shares of Bellatrix Exploration from C$4.50 to C$4.00 in a research note on Monday, November 13th. National Bank Financial lowered their price objective on shares of Bellatrix Exploration from C$4.00 to C$2.75 and set a “sector perform” rating on the stock in a research note on Tuesday, January 9th. AltaCorp Capital cut shares of Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a report on Friday, November 10th. BMO Capital Markets set a C$1.90 target price on shares of Bellatrix Exploration and gave the stock an “underperform” rating in a report on Thursday, January 11th. Finally, TD Securities decreased their target price on shares of Bellatrix Exploration from C$4.25 to C$4.00 and set a “hold” rating for the company in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of C$2.44.

The company has a market cap of $99.25, a price-to-earnings ratio of -1.30 and a beta of 1.14.

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) last announced its earnings results on Thursday, November 9th. The company reported C($0.24) EPS for the quarter, hitting the consensus estimate of C($0.24). Bellatrix Exploration had a negative net margin of 49.98% and a negative return on equity of 11.12%.

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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.

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