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Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE) released its earnings results on Thursday. The oil and gas exploration company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $0.10, Morningstar.com reports. The firm had revenue of $50.32 million during the quarter, compared to analysts’ expectations of $49.59 million. Bellatrix Exploration had a negative return on equity of 1.66% and a negative net margin of 17.99%.
Bellatrix Exploration (BXE) opened at 2.40 on Friday. The company’s 50-day moving average is $2.28 and its 200-day moving average is $1.13. Bellatrix Exploration has a 12 month low of $2.24 and a 12 month high of $3.05. The stock’s market capitalization is $118.36 million.
A number of brokerages recently commented on BXE. ValuEngine raised shares of Bellatrix Exploration from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. Zacks Investment Research downgraded shares of Bellatrix Exploration from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, Clarus Securities reaffirmed a “hold” rating on shares of Bellatrix Exploration in a research report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Bellatrix Exploration currently has a consensus rating of “Hold” and a consensus target price of $6.88.
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A number of hedge funds have recently made changes to their positions in the company. Schroder Investment Management Group increased its stake in shares of Bellatrix Exploration by 15.7% in the first 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 period. Norges Bank bought a new stake in shares of Bellatrix Exploration during the fourth quarter valued at approximately $857,000. Finally, Signia Capital Management LLC increased its stake in shares of Bellatrix Exploration by 173.0% in the first quarter. Signia Capital Management LLC now owns 4,998,937 shares of the oil and gas exploration company’s stock valued at $3,969,000 after buying an additional 3,167,927 shares during the period.
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.
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