The stock is trading at $2.27 which is marginally over the 50 day moving average which is $0.65 and a tad above the 200 day moving average of $0.78. The 50 day moving average went up $1.62 or +249.69% and the 200 day average moved up $1.49. 248K shares changed hands by the end of trading on Thursday. Trading volume was down 93.21% under the stocks average daily volume.
Here are some other firms who have updated their holdings. As of the end of the quarter Morgan Stanley had sold a total of 509,736 shares trimming its stake by 93.4%. The value of the total investment in Bellatrix Exploration Ltd Ordin went from $515,000 to $29,000 a change of $486,000 quarter to quarter. As of quarter end Tower Research Capital LLC (trc) had acquired 3,271 shares growing its holdings by 48.8%. The value of the investment in BXE increased from $9,000 to $10,000 increasing 11.1% for the reporting period.
Schroder Investment Management Group bolstered its position by buying 3,144,549 shares an increase of 20.6% in the quarter. Schroder Investment Management Group controls 18,442,118 shares worth $19,180,000. The total value of its holdings decreased 2.0%. Muhlenkamp & Co Inc reduced its stake by selling 8,165 shares a decrease of 1.4% from 12/31/2016 to 03/31/2017. Muhlenkamp & Co Inc currently owns 590,100 shares valued at $469,000. The value of the position overall is down by 17.0%.
August 8 investment analysts at ScotiaBank made no change to the stock rating of “Sector Outperformer” and lowered the price target to $11.00 from $12.50. On July 17 CIBC made no change to the company rating of “Sector Outperform” but lowered the price target from $12.00 to $11.50.
April 15 investment analysts at CIBC kept the company rating at “Sector Perform” and raised the price expectation to $11.50 from $11.00.
The company is trading up by 1.34% since yesterday’s close of $2.24. In the latest earnings report the EPS was $-0.56 and is projected to be $-0.32 for the current year with 49,317,000 shares outstanding. Analysts expect next quarter’s EPS will be $-0.11 with next year’s EPS projected to be $-0.51.
Bellatrix Exploration Ltd. engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The company was founded in 2000 and is based in Calgary, Canada..