Bellatrix Exploration Ltd. (BXE) Sets 52-Week Low; Strong Momentum for Sellers

January 19, 2018 - By Kurt Siggers

The stock of Bellatrix Exploration Ltd. (NYSE:BXE) hit a new 52-week low and has $1.46 target or 3.00 % below today’s $1.51 share price. The 5 months bearish chart indicates high risk for the $72.43M company. The 1-year low was reported on Jan, 19 by Barchart.com. If the $1.46 price target is reached, the company will be worth $2.17M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 2.03% or $0.03 during the last trading session, reaching $1.51. About 76,625 shares traded. Bellatrix Exploration Ltd. (NYSE:BXE) has declined 27.42% since January 19, 2017 and is downtrending. It has underperformed by 44.12% the S&P500.

Analysts await Bellatrix Exploration Ltd. (NYSE:BXE) to report earnings on March, 21. They expect $-0.18 EPS, down 151.43 % or $0.53 from last year’s $0.35 per share. After $-0.19 actual EPS reported by Bellatrix Exploration Ltd. for the previous quarter, Wall Street now forecasts -5.26 % EPS growth.

Bellatrix Exploration Ltd. (NYSE:BXE) Ratings Coverage

Among 5 analysts covering Bellatrix Exploration Ltd (NYSE:BXE), 4 have Buy rating, 1 Sell and 0 Hold. Therefore 80% are positive. Bellatrix Exploration Ltd had 11 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Zacks to “Hold” on Monday, August 10. On Friday, November 10 the stock rating was maintained by Northland Capital with “Buy”. The rating was initiated by BMO Capital Markets on Thursday, January 11 with “Sell”. The stock has “Outperform” rating by National Bank Canada on Friday, November 6. The firm has “Buy” rating given on Monday, December 11 by Northland Capital.

More notable recent Bellatrix Exploration Ltd. (NYSE:BXE) news were published by: Seekingalpha.com which released: “Does The Market Believe The Cash Flow Forecast Of Bellatrix Exploration?” on February 14, 2017, also Seekingalpha.com with their article: “Bellatrix Exploration: An In-Depth Analysis” published on July 18, 2017, Seekingalpha.com published: “Bellatrix Exploration: On The Margin Of The Supply Curve” on August 18, 2017. More interesting news about Bellatrix Exploration Ltd. (NYSE:BXE) were released by: Seekingalpha.com and their article: “Why Bellatrix Exploration Looks Set For A Break-Out” published on December 21, 2016 as well as Seekingalpha.com‘s news article titled: “Bellatrix Exploration: Ready To Break Out” with publication date: July 04, 2016.

Bellatrix Exploration Ltd., an oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan in Canada. The company has market cap of $72.43 million. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. It currently has negative earnings.

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