Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE) was downgraded by AltaCorp Capital from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Friday.

A number of other equities research analysts also recently weighed in on the company. Northland Securities reaffirmed a “buy” rating and issued a $4.50 target price on shares of Bellatrix Exploration in a report on Friday. Canaccord Genuity reaffirmed a “hold” rating and issued a $3.75 target price on shares of Bellatrix Exploration in a report on Friday. Zacks Investment Research downgraded Bellatrix Exploration from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 8th. Scotiabank reaffirmed a “hold” rating and issued a $5.00 target price on shares of Bellatrix Exploration in a report on Tuesday, October 10th. Finally, ValuEngine downgraded Bellatrix Exploration from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $4.88.

Shares of Bellatrix Exploration (BXE) opened at $2.31 on Friday. Bellatrix Exploration has a twelve month low of $2.23 and a twelve month high of $5.35. 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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Large investors have recently made changes to their positions in the stock. Signia Capital Management LLC raised its position in Bellatrix Exploration by 73.9% during the 2nd quarter. Signia Capital Management LLC now owns 8,693,132 shares of the oil and gas exploration company’s stock worth $5,039,000 after purchasing an additional 3,694,195 shares during the last quarter. Proxima Capital Management LLC raised its position in Bellatrix Exploration by 12.6% during the 2nd quarter. Proxima Capital Management LLC now owns 5,405,000 shares of the oil and gas exploration company’s stock worth $3,085,000 after purchasing an additional 605,000 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new position in shares of Bellatrix Exploration in the 3rd quarter worth about $1,153,000.

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.

Analyst Recommendations for Bellatrix Exploration (NYSE:BXE)

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