Trade Report: Today: Bellatrix Exploration Ltd. (BXE) Receives Consensus Rating of “Hold” from Analysts

Today: Bellatrix Exploration Ltd. (BXE) Receives Consensus Rating of “Hold” from Analysts

Bellatrix Exploration Ltd. (NYSE:BXE) (TSE:BXE) has earned an average rating of “Hold” from the eight analysts that are covering the firm. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $1.79.

Several analysts have recently weighed in on BXE shares. Zacks Investment Research downgraded shares of Bellatrix Exploration from a “hold” rating to a “sell” rating in a research report on Wednesday, August 24th. Credit Suisse Group AG restated a “neutral” rating and set a $1.25 price objective (up previously from $1.00) on shares of Bellatrix Exploration in a research report on Thursday, September 22nd. Scotiabank restated a “sector perform” rating and set a $1.50 price objective (down previously from $2.00) on shares of Bellatrix Exploration in a research report on Saturday, August 13th. Canaccord Genuity restated a “hold” rating on shares of Bellatrix Exploration in a research report on Sunday, August 14th. Finally, AltaCorp Capital restated an “overweight” rating and set a $1.60 price objective (down previously from $2.00) on shares of Bellatrix Exploration in a research report on Saturday, August 13th.

A number of institutional investors have recently made changes to their positions in BXE. Ingalls & Snyder LLC purchased a new position in shares of Bellatrix Exploration during the second quarter valued at about $105,000. Bank of Montreal Can boosted its position in shares of Bellatrix Exploration by 71.9% in the third quarter. Bank of Montreal Can now owns 120,404 shares of the oil and gas exploration company’s stock valued at $103,000 after buying an additional 50,346 shares in the last quarter. Credit Suisse AG boosted its position in shares of Bellatrix Exploration by 124.4% in the third quarter. Credit Suisse AG now owns 128,085 shares of the oil and gas exploration company’s stock valued at $109,000 after buying an additional 71,018 shares in the last quarter. A.R.T. Advisors LLC purchased a new position in shares of Bellatrix Exploration during the second quarter valued at about $215,000. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Bellatrix Exploration by 6.6% in the second quarter. Cubist Systematic Strategies LLC now owns 248,225 shares of the oil and gas exploration company’s stock valued at $245,000 after buying an additional 15,282 shares in the last quarter. 30.31% of the stock is currently owned by institutional investors.

Bellatrix Exploration (NYSE:BXE) traded up 0.3208% during mid-day trading on Monday, reaching $0.7818. 235,282 shares of the company traded hands. The stock’s 50 day moving average price is $0.85 and its 200 day moving average price is $0.92. Bellatrix Exploration has a 52 week low of $0.75 and a 52 week high of $1.67. The firm’s market capitalization is $192.53 million.

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