Bellatrix Exploration Ltd. (NYSE:BXE) (TSE:BXE) has been given an average recommendation of “Hold” by the eight research firms that are covering the company. Five investment 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 brokerages that have covered the stock in the last year is $1.79.

BXE has been the topic of a number of research analyst reports. Scotiabank restated a “sector perform” rating and issued a $1.50 target price (down from $2.00) on shares of Bellatrix Exploration in a research note on Saturday, August 13th. AltaCorp Capital restated an “overweight” rating and issued a $1.60 target price (down from $2.00) on shares of Bellatrix Exploration in a research note on Saturday, August 13th. TD Securities restated a “hold” rating on shares of Bellatrix Exploration in a research note on Saturday, August 13th. Canaccord Genuity reaffirmed a “hold” rating on shares of Bellatrix Exploration in a research report on Sunday, August 14th. Finally, Zacks Investment Research cut shares of Bellatrix Exploration from a “hold” rating to a “sell” rating in a research report on Wednesday, August 24th.

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

A number of large investors have recently bought and sold shares of BXE. Goldman Sachs Group Inc. boosted its stake in Bellatrix Exploration by 247.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,366,983 shares of the oil and gas exploration company’s stock worth $1,380,000 after buying an additional 973,298 shares during the last quarter. Gilder Gagnon Howe & Co. LLC purchased a new stake in Bellatrix Exploration during the second quarter worth approximately $915,000. Signia Capital Management LLC purchased a new stake in Bellatrix Exploration during the second quarter worth approximately $749,000. Schroder Investment Management Group boosted its stake in Bellatrix Exploration by 215.0% in the second quarter. Schroder Investment Management Group now owns 17,371,683 shares of the oil and gas exploration company’s stock worth $22,062,000 after buying an additional 11,857,616 shares during the last quarter. Finally, Ingalls & Snyder LLC purchased a new stake in Bellatrix Exploration during the second quarter worth approximately $105,000. 30.31% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This piece of content was first published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of international copyright and trademark legislation. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2016/11/28/bellatrix-exploration-ltd-bxe-receives-consensus-rating-of-hold-from-analysts.html.

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.

5 Day Chart for NYSE:BXE

Receive News & Stock Ratings for Bellatrix Exploration Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bellatrix Exploration Ltd. and related stocks with our FREE daily email newsletter.