Could Bellatrix Exploration Ltd. (BXE) Gain Strenght? The Stock Reaches 52-Week Low

July 16, 2018 - By Robert Shackelford

Bellatrix Exploration Ltd. (NYSE:BXE) Logo

The stock of Bellatrix Exploration Ltd. (NYSE:BXE) hit a new 52-week low and has $0.88 target or 8.00 % below today’s $0.96 share price. The 8 months bearish chart indicates high risk for the $60.45M company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $0.88 price target is reached, the company will be worth $4.84M 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 decreased 1.55% or $0.0151 during the last trading session, reaching $0.9601. About 100,105 shares traded. Bellatrix Exploration Ltd. (NYSE:BXE) has declined 69.56% since July 16, 2017 and is downtrending. It has underperformed by 82.13% the S&P500.

Another recent and important Bellatrix Exploration Ltd. (NYSE:BXE) news was published by Seekingalpha.com which published an article titled: “Bellatrix Exploration Urgently Needs Better Gas Prices” on June 21, 2018.

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 $60.45 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.

Bellatrix Exploration Ltd. (NYSE:BXE) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.