Proxima Capital Management LLC Buys 605,000 Shares of Bellatrix Exploration Ltd (BXE)

Proxima Capital Management LLC grew its stake in shares of Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE) by 12.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,405,000 shares of the oil and gas exploration company’s stock after acquiring an additional 605,000 shares during the period. Bellatrix Exploration accounts for approximately 1.7% of Proxima Capital Management LLC’s portfolio, making the stock its 22nd largest holding. Proxima Capital Management LLC owned 10.93% of Bellatrix Exploration worth $3,085,000 as of its most recent SEC filing.

Separately, Signia Capital Management LLC lifted 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 worth $5,039,000 after acquiring an additional 3,694,195 shares in the last quarter.

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Bellatrix Exploration from a “strong sell” rating to a “hold” rating in a research report on Monday, August 14th. ValuEngine downgraded Bellatrix Exploration from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Scotiabank restated a “hold” rating and set a $5.00 target price on shares of Bellatrix Exploration in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Bellatrix Exploration currently has a consensus rating of “Hold” and a consensus price target of $7.08.

Bellatrix Exploration Ltd (NYSE BXE) traded up 0.77% during midday trading on Friday, hitting $2.62. The company’s stock had a trading volume of 51,070 shares. The company’s 50 day moving average price is $2.66 and its 200 day moving average price is $3.02. The firm’s market cap is $129.37 million. Bellatrix Exploration Ltd has a 12 month low of $2.23 and a 12 month high of $5.35.

Bellatrix Exploration (NYSE:BXE) (TSE:BXE) last released its earnings results on Thursday, August 10th. The oil and gas exploration company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.10). Bellatrix Exploration had a negative net margin of 17.99% and a negative return on equity of 1.69%. The firm had revenue of $50.32 million for the quarter, compared to analysts’ expectations of $49.59 million. Analysts expect that Bellatrix Exploration Ltd will post ($1.14) EPS for the current year.

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Bellatrix Exploration 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.

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Institutional Ownership by Quarter for Bellatrix Exploration (NYSE:BXE)

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