Northland Securities Reaffirms “Buy” Rating for Bellatrix Exploration Ltd (BXE)

Northland Securities restated their buy rating on shares of Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE) in a research report report published on Friday. Northland Securities currently has a $4.50 price target on the oil and gas exploration company’s stock.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research raised Bellatrix Exploration from a strong sell rating to a hold rating in a report on Monday, August 14th. ValuEngine cut Bellatrix Exploration from a hold rating to a sell rating in a report on Tuesday, August 1st. Scotiabank reissued a hold rating and set a $5.00 price target on shares of Bellatrix Exploration in a report on Tuesday, October 10th. Finally, Canaccord Genuity reissued a hold rating and set a $3.75 price target on shares of Bellatrix Exploration in a report on Friday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $4.88.

Bellatrix Exploration (NYSE BXE) opened at $2.31 on Friday. Bellatrix Exploration has a twelve month low of $2.23 and a twelve month high of $5.35. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.45.

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Institutional investors have recently modified their holdings of the company. Signia Capital Management LLC grew its position in shares of Bellatrix Exploration by 73.9% during the second quarter. Signia Capital Management LLC now owns 8,693,132 shares of the oil and gas exploration company’s stock valued at $5,039,000 after purchasing an additional 3,694,195 shares in the last quarter. Proxima Capital Management LLC grew its position in shares of Bellatrix Exploration by 12.6% during the second quarter. Proxima Capital Management LLC now owns 5,405,000 shares of the oil and gas exploration company’s stock valued at $3,085,000 after purchasing an additional 605,000 shares in the last quarter. Finally, First Eagle Investment Management LLC purchased a new position in shares of Bellatrix Exploration during the third quarter valued at about $1,153,000.

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.

Analyst Recommendations for Bellatrix Exploration (NYSE:BXE)

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