Somewhat Favorable News Coverage Somewhat Unlikely to Impact Bellatrix Exploration (NYSE:BXE) Stock Price

News headlines about Bellatrix Exploration (NYSE:BXE) (TSE:BXE) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Bellatrix Exploration earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news articles about the oil and gas exploration company an impact score of 45.1021033817173 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Bellatrix Exploration (BXE) traded down $0.05 during mid-day trading on Tuesday, hitting $1.75. 111,569 shares of the stock traded hands, compared to its average volume of 84,854. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 0.59. Bellatrix Exploration has a 1 year low of $1.73 and a 1 year high of $5.35.

A number of analysts have recently weighed in on BXE shares. Zacks Investment Research raised Bellatrix Exploration from a “strong sell” rating to a “hold” rating in a research report on Monday, August 14th. Scotiabank reiterated a “hold” rating and set a $5.00 price objective on shares of Bellatrix Exploration in a research note on Tuesday, October 10th. Canaccord Genuity reiterated a “hold” rating and set a $3.75 price objective on shares of Bellatrix Exploration in a research note on Friday, November 10th. Northland Securities reiterated a “buy” rating and set a $4.50 price objective on shares of Bellatrix Exploration in a research note on Friday, November 10th. Finally, AltaCorp Capital cut Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.88.

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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.

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