Bellatrix Exploration (BXE) Sets New 52-Week Low at $1.37

Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as C$1.37 and last traded at C$1.38, with a volume of 62275 shares trading hands. The stock had previously closed at C$1.38.

BXE has been the subject of a number of research reports. Raymond James Financial dropped their price target on Bellatrix Exploration from C$4.00 to C$3.75 in a research note on Tuesday, October 24th. TD Securities dropped their price target on Bellatrix Exploration from C$4.25 to C$4.00 and set a “hold” rating for the company in a research note on Friday, November 10th. Eight Capital dropped their price target on Bellatrix Exploration from C$4.50 to C$4.00 in a research note on Monday, November 13th. AltaCorp Capital lowered Bellatrix Exploration from an “outperform” rating to a “sector perform” rating in a research note on Friday, November 10th. Finally, National Bank Financial dropped their price target on Bellatrix Exploration from C$4.00 to C$2.75 and set a “sector perform” rating for the company in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$2.16.

The stock has a market capitalization of $68.64, a P/E ratio of -0.89 and a beta of 0.70.

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) last posted its quarterly earnings data on Thursday, November 9th. The company reported C($0.24) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.24). The business had revenue of C$60.79 million during the quarter, compared to analyst estimates of C$64.90 million. Bellatrix Exploration had a negative return on equity of 11.12% and a negative net margin of 49.98%.

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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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