Bellatrix Exploration Ltd (BXE) Downgraded by Zacks Investment Research

Cornelia Mascio
Mag 26, 2017

CSFB reissued their neutral rating on shares of Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) in a research note issued to investors on Monday.

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. Finally, Canaccord Genuity upgraded shares of Bellatrix Exploration from a "hold" rating to a "buy" rating and set a $2.00 price objective on the stock in a research note on Wednesday, March 8th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Bellatrix Exploration Ltd (NYSE:BXE) has declined 27.42% since May 23, 2016 and is downtrending. EPS breaks down the profitability of the company on a single share basis. Bellatrix Exploration presently has a consensus rating of Hold and an average target price of C$1.60. The stock's market capitalization is $178.95 million. The company's 50-day moving average price is $1.03 and its 200 day moving average price is $1.09.

WARNING: "Bellatrix Exploration Ltd (BXE) Posts Earnings Results, Hits Expectations" was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. The company had revenue of $49.87 million for the quarter, compared to analyst estimates of $48.80 million.

Bellatrix Exploration Limited (NYSE:BXE) had an increase of 8.72% in short interest. On average, equities research analysts anticipate that Bellatrix Exploration will post ($0.06) EPS for the current fiscal year. If you are viewing this report on another website, it was stolen and reposted in violation of US and worldwide copyright law. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/05/21/bellatrix-exploration-ltd-bxe-stock-rating-lowered-by-zacks-investment-research-updated.html.

Several institutional investors have recently bought and sold shares of BXE. Oaktree Capital Management LP acquired a new position in Bellatrix Exploration during the third quarter valued at about $9,974,000. Alpha One also gave media stories about the oil and gas exploration company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. Guardian Capital LP now owns 555,200 shares of the oil and gas exploration company's stock valued at $529,000 after buying an additional 113,000 shares in the last quarter. Anson Funds Management LP increased its position in Bellatrix Exploration by 41.7% in the third quarter. Schroder Investment Management Group now owns 23,128,466 shares of the oil and gas exploration company's stock valued at $24,054,000 after buying an additional 3,144,549 shares during the last quarter. Norges Bank acquired a new position in Bellatrix Exploration during the fourth quarter valued at $857,000.

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.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE