Scotiabank reiterated their sector perform rating on shares of Bellatrix Exploration Ltd. (NYSE:BXE) in a research note released on Friday. They currently have a $1.50 target price on the oil and gas exploration company’s stock.

Other analysts also recently issued research reports about the stock. Dundee Securities restated a buy rating and set a $2.85 price target (down previously from $3.00) on shares of Bellatrix Exploration in a report on Friday, June 17th. Zacks Investment Research downgraded shares of Bellatrix Exploration from a hold rating to a sell rating in a report on Wednesday, August 24th. Canaccord Genuity restated a hold rating on shares of Bellatrix Exploration in a report on Monday, July 18th. TD Securities restated a hold rating on shares of Bellatrix Exploration in a report on Saturday, August 13th. Finally, AltaCorp Capital restated an overweight rating and set a $1.60 price target (down previously from $2.00) on shares of Bellatrix Exploration in a report on Saturday, August 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Bellatrix Exploration has a consensus rating of Hold and an average target price of $1.94.

Shares of Bellatrix Exploration (NYSE:BXE) opened at 0.91 on Friday. The stock’s market cap is $216.14 million. The company has a 50 day moving average price of $0.82 and a 200-day moving average price of $0.99. Bellatrix Exploration has a one year low of $0.75 and a one year high of $2.25.

Bellatrix Exploration (NYSE:BXE) last released its quarterly earnings data on Wednesday, August 10th. The oil and gas exploration company reported ($0.17) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.07. The business earned $48.29 million during the quarter, compared to analyst estimates of $43.23 million. Bellatrix Exploration had a negative net margin of 172.35% and a negative return on equity of 7.63%. Equities analysts predict that Bellatrix Exploration will post ($0.29) earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in Bellatrix Exploration by 247.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,366,983 shares of the oil and gas exploration company’s stock worth $1,380,000 after buying an additional 973,298 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Bellatrix Exploration by 98.7% in the first quarter. Renaissance Technologies LLC now owns 502,600 shares of the oil and gas exploration company’s stock valued at $508,000 after buying an additional 249,600 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Bellatrix Exploration by 897.1% in the first quarter. Royal Bank of Canada now owns 1,288,841 shares of the oil and gas exploration company’s stock valued at $1,302,000 after buying an additional 1,159,576 shares in the last quarter. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Bellatrix Exploration during the second quarter valued at approximately $915,000. Finally, Signia Capital Management LLC acquired a new position in shares of Bellatrix Exploration during the second quarter valued at approximately $749,000. 24.05% of the stock is owned by hedge funds and other institutional investors.

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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