Bellatrix Exploration Ltd (BXE) Trading 4.3% Higher
Shares of Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) were up 4.3% on Tuesday . The company traded as high as C$3.14 and last traded at C$3.12. Approximately 38,990 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 103,931 shares. The stock had previously closed at C$2.99.
Several equities analysts have recently commented on the company. Canaccord Genuity lowered Bellatrix Exploration from a “speculative buy” rating to a “hold” rating in a research note on Tuesday, July 11th. National Bank Financial lowered Bellatrix Exploration to a “sector perform” rating in a research note on Friday, June 23rd. Six equities research analysts have rated the stock with a hold rating, Bellatrix Exploration currently has a consensus rating of “Hold” and an average price target of C$1.37.
The stock’s market cap is $158.50 million. The company’s 50-day moving average is $3.03 and its 200 day moving average is $4.16.
In related news, Director John Cuthbertson acquired 100,000 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was bought at an average price of C$0.74 per share, for a total transaction of C$74,000.00. Also, Director Thomas Edward Macinnis acquired 10,000 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were bought at an average price of C$3.03 per share, with a total value of C$30,300.00. Insiders acquired 365,800 shares of company stock valued at $161,624 over the last 90 days.
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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