It is currently trading at $2.34 which is quite a bit lower than $2.68, the stock’s 50 day moving average and quite a bit lower than the 200 day moving average of $2.93. The 50 day moving average went down $-0.34 or -12.67% and the 200 day average was down $-0.59. 484 shares changed hands by the end of trading on Tuesday. Volume was down 99.99% under the stocks average daily volume.
Short traders are more bearish on shares of Bellatrix Exploration Ltd Ordin lately as implied by the change in short interest. The firm recorded a rise in short interest of 3.13% between September 15, 2017 and September 29, 2017. Short interest increased from 207,907 to 214,420 over that timeframe. Days to cover increased from 4.0 to 5.0 and the percentage of shorted shares was 0.00% on September 29.
The following firms have recently changed their position in BXE. As of the end of the quarter Centerbridge Partners, L.p. had sold a total of 398,696 shares trimming its holdings by 32.1%. The value of the investment in BXE decreased from $985,000 to $488,000 decreasing 50.5% for the reporting period. Proxima Capital Management, LLC expanded its investment by buying 605,000 shares an increase of 12.6% from 03/31/2017 to 06/30/2017. Proxima Capital Management, LLC now controls 5,405,000 shares with a value of $3,085,000. The total value of its holdings decreased 18.5%.
Ubs Group Ag bolstered its position by buying 1,381 shares an increase of 25.7% in the quarter. Ubs Group Ag controls 6,762 shares worth $4,000. The value of the position overall is down by 0.0%. As of quarter end Cubist Systematic Strategies, LLC had disposed of 33,500 shares trimming its stake by 12.6%. The value of the investment in Bellatrix Exploration Ltd Ordin went from $210,000 to $134,000 a change of 36.2% quarter to quarter.
As of the last earnings report the EPS was $-0.80 and is projected to be $-1.14 for the current year with 49,378,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $-0.12 with next year’s EPS projected to be $-0.65.
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..