Cubist Systematic Strategies LLC decreased its holdings in Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE) by 77.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,171 shares of the oil and gas exploration company’s stock after selling 180,163 shares during the period. Cubist Systematic Strategies LLC owned about 0.10% of Bellatrix Exploration worth $145,000 at the end of the most recent quarter.

Separately, First Eagle Investment Management LLC acquired a new position in shares of Bellatrix Exploration in the third quarter valued at approximately $1,153,000. 39.99% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently commented on the company. BMO Capital Markets assumed coverage on Bellatrix Exploration in a research report on Thursday. They issued an “underperform” rating on the stock. Zacks Investment Research raised Bellatrix Exploration from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Raymond James Financial downgraded Bellatrix Exploration from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 14th. UBS Group downgraded Bellatrix Exploration from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 14th. Finally, Northland Securities set a $3.00 target price on Bellatrix Exploration and gave the company a “buy” rating in a research report on Monday, December 11th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Bellatrix Exploration has an average rating of “Hold” and a consensus target price of $3.92.

Shares of Bellatrix Exploration Ltd (NYSE BXE) opened at $1.50 on Friday. The stock has a market capitalization of $76.54, a P/E ratio of 3.49 and a beta of 1.47. Bellatrix Exploration Ltd has a 12-month low of $1.44 and a 12-month high of $4.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 0.59.

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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.

Institutional Ownership by Quarter for Bellatrix Exploration (NYSE:BXE)

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