Wall Street analysts expect Bellatrix Exploration Ltd (NYSE:BXE) (TSE:BXE) to announce $49.59 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Bellatrix Exploration’s earnings, with the highest sales estimate coming in at $50.88 million and the lowest estimate coming in at $48.30 million. Bellatrix Exploration posted sales of $37.46 million during the same quarter last year, which suggests a positive year-over-year growth rate of 32.4%. The business is expected to issue its next earnings results before the market opens on Thursday, August 10th.
On average, analysts expect that Bellatrix Exploration will report full year sales of $49.59 million for the current year, with estimates ranging from $206.59 million to $220.50 million. For the next fiscal year, analysts anticipate that the firm will report sales of $221.89 million per share, with estimates ranging from $211.10 million to $230.60 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Bellatrix Exploration.
Bellatrix Exploration (NYSE:BXE) (TSE:BXE) last announced its quarterly earnings data on Wednesday, May 10th. The oil and gas exploration company reported ($0.15) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.15). Bellatrix Exploration had a negative net margin of 14.50% and a negative return on equity of 3.84%. The firm had revenue of $49.87 million for the quarter, compared to analysts’ expectations of $48.80 million.
BXE has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Bellatrix Exploration from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. Clarus Securities restated a “hold” rating on shares of Bellatrix Exploration in a research report on Thursday, May 11th. Finally, Zacks Investment Research cut shares of Bellatrix Exploration from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $6.88.
A number of institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Bellatrix Exploration during the fourth quarter valued at about $857,000. Signia Capital Management LLC boosted its position in shares of Bellatrix Exploration by 173.0% in the first quarter. Signia Capital Management LLC now owns 4,998,937 shares of the oil and gas exploration company’s stock valued at $3,969,000 after buying an additional 3,167,927 shares during the period. Finally, Schroder Investment Management Group boosted its position in shares of Bellatrix Exploration by 15.7% in the first quarter. Schroder Investment Management Group now owns 23,128,466 shares of the oil and gas exploration company’s stock valued at $24,054,000 after buying an additional 3,144,549 shares during the period.
Shares of Bellatrix Exploration (NYSE BXE) traded down 1.16% during trading on Friday, reaching $2.55. 89,127 shares of the company’s stock were exchanged. The stock’s market cap is $125.76 million. Bellatrix Exploration has a 52-week low of $2.24 and a 52-week high of $5.35. The stock’s 50 day moving average price is $2.60 and its 200-day moving average price is $3.51.
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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