Bellatrix Exploration Ltd (TSE:BXE) Director Thomas Edward Macinnis Buys 10,000 Shares
Bellatrix Exploration Ltd (TSE:BXE) (NYSE:BXE) Director Thomas Edward Macinnis acquired 10,000 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was bought at an average price of C$3.03 per share, for a total transaction of C$30,300.00.
Shares of Bellatrix Exploration Ltd (BXE) traded down 1.61% during trading on Friday, hitting $3.05. The company had a trading volume of 26,121 shares. The firm’s market capitalization is $150.42 million. The company’s 50 day moving average is $3.60 and its 200 day moving average is $4.87. Bellatrix Exploration Ltd has a 1-year low of $0.73 and a 1-year high of $6.95.
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A number of equities research analysts have recently issued reports on BXE shares. Canaccord Genuity cut shares of Bellatrix Exploration from a “speculative buy” rating to a “hold” rating in a research report on Tuesday, July 11th. TD Securities increased their target price on shares of Bellatrix Exploration from C$1.25 to C$1.35 and gave the stock a “hold” rating in a report on Thursday, May 11th. CSFB reissued a “neutral” rating and issued a C$1.00 target price on shares of Bellatrix Exploration in a report on Monday, May 15th. Finally, National Bank Financial cut shares of Bellatrix Exploration to a “sector perform” rating in a report on Friday, June 23rd. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$1.40.
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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