Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE) has been given an average rating of “Hold” by the ten brokerages that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $3.41.
A number of brokerages have recently commented on BXE. Raymond James Financial cut Bellatrix Exploration from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 14th. AltaCorp Capital reaffirmed a “hold” rating and set a $1.90 price target on shares of Bellatrix Exploration in a research report on Monday, January 15th. UBS Group cut Bellatrix Exploration from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 14th. Northland Securities reaffirmed a “buy” rating and set a $4.50 price target on shares of Bellatrix Exploration in a research report on Friday, November 10th. Finally, Zacks Investment Research lowered Bellatrix Exploration from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th.
Several large investors have recently added to or reduced their stakes in BXE. First Eagle Investment Management LLC bought a new stake in shares of Bellatrix Exploration during the 3rd quarter valued at $1,153,000. Renaissance Technologies LLC bought a new stake in shares of Bellatrix Exploration during the 4th quarter valued at $335,000. Deutsche Bank AG raised its stake in shares of Bellatrix Exploration by 7,718.2% during the 4th quarter. Deutsche Bank AG now owns 426,872 shares of the oil and gas exploration company’s stock valued at $734,000 after purchasing an additional 421,412 shares during the period. Finally, Proxima Capital Management LLC raised its stake in shares of Bellatrix Exploration by 40.1% during the 4th quarter. Proxima Capital Management LLC now owns 1,800,000 shares of the oil and gas exploration company’s stock valued at $3,079,000 after purchasing an additional 515,000 shares during the period. Institutional investors own 31.34% 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.
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