Bellatrix Exploration (NYSE:BXE) (TSE:BXE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Bellatrix Exploration Ltd. is an oil and gas 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. Bellatrix Exploration Ltd. is headquartered in Calgary, Canada. “

Several other research analysts have also recently commented on BXE. UBS cut shares of Bellatrix Exploration from a “market perform” rating to an “underperform” rating in a report on Thursday, December 14th. Raymond James Financial cut shares of Bellatrix Exploration from a “market perform” rating to an “underperform” rating in a report on Thursday, December 14th. Northland Securities set a $3.00 target price on shares of Bellatrix Exploration and gave the stock a “buy” rating in a report on Monday, December 11th. AltaCorp Capital cut shares of Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a report on Friday, November 10th. Finally, Scotiabank restated a “hold” rating and set a $5.00 target price on shares of Bellatrix Exploration in a report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $3.92.

Bellatrix Exploration (NYSE BXE) opened at $1.84 on Tuesday. Bellatrix Exploration has a 1-year low of $1.44 and a 1-year high of $5.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.59 and a quick ratio of 0.59.

A number of hedge funds have recently made changes to their positions in the business. First Eagle Investment Management LLC acquired a new stake in Bellatrix Exploration in the third quarter valued at $1,153,000. Proxima Capital Management LLC lifted its stake in Bellatrix Exploration by 12.6% in the second quarter. Proxima Capital Management LLC now owns 5,405,000 shares of the oil and gas exploration company’s stock valued at $3,085,000 after acquiring an additional 605,000 shares during the last quarter. Finally, Signia Capital Management LLC lifted its stake in Bellatrix Exploration by 73.9% in the second quarter. Signia Capital Management LLC now owns 8,693,132 shares of the oil and gas exploration company’s stock valued at $5,039,000 after acquiring an additional 3,694,195 shares during the last quarter. Hedge funds and other institutional investors own 39.99% 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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