Proxima Capital Management LLC Decreased Its Position in Bellatrix Exploration LTD (BXE) by $7.44 Million

December 8, 2017 - By Marguerite Chambers

Youlia Miteva decreased its stake in Bellatrix Exploration Ltd (BXE) by 77.48% based on its latest 2017Q2 regulatory filing with the SEC. Proxima Capital Management Llc sold 3.72M shares as the company’s stock declined 10.52% while stock markets rallied. The hedge fund run by Youlia Miteva held 1.08 million shares of the oil & gas production company at the end of 2017Q2, valued at $3.09M, down from 4.80M at the end of the previous reported quarter. Proxima Capital Management Llc who had been investing in Bellatrix Exploration Ltd for a number of months, seems to be less bullish one the $81.15M market cap company. The stock decreased 2.98% or $0.05 during the last trading session, reaching $1.63. About 194,230 shares traded or 171.47% up from the average. Bellatrix Exploration Ltd. (NYSE:BXE) has declined 27.42% since December 8, 2016 and is downtrending. It has underperformed by 44.12% the S&P500.

Proxima Capital Management Llc, which manages about $1.13B and $184.46M US Long portfolio, upped its stake in Avis Budget Group (NASDAQ:CAR) by 279,500 shares to 580,000 shares, valued at $15.82M in 2017Q2, according to the filing.

Analysts await Bellatrix Exploration Ltd. (NYSE:BXE) to report earnings on March, 21. They expect $-0.09 earnings per share, down 125.71 % or $0.44 from last year’s $0.35 per share. After $-0.19 actual earnings per share reported by Bellatrix Exploration Ltd. for the previous quarter, Wall Street now forecasts -52.63 % EPS growth.

More notable recent Bellatrix Exploration Ltd. (NYSE:BXE) news were published by: Seekingalpha.com which released: “Why Bellatrix Exploration Looks Set For A Break-Out” on December 21, 2016, also Seekingalpha.com with their article: “Does The Market Believe The Cash Flow Forecast Of Bellatrix Exploration?” published on February 14, 2017, Seekingalpha.com published: “Bellatrix Exploration: Cash Flow Jumps And Banks Change Attitude – Speculative Buy” on August 20, 2017. More interesting news about Bellatrix Exploration Ltd. (NYSE:BXE) were released by: Seekingalpha.com and their article: “Will The Onslaught Ever End For Bellatrix Exploration Shareholders?” published on June 05, 2017 as well as Seekingalpha.com‘s news article titled: “Bellatrix Exploration: An In-Depth Analysis” with publication date: July 18, 2017.

Bellatrix Exploration Ltd. (NYSE:BXE) Ratings Coverage

Among 4 analysts covering Bellatrix Exploration Ltd (NYSE:BXE), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Bellatrix Exploration Ltd had 9 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Bellatrix Exploration Ltd. (NYSE:BXE) has “Outperform” rating given on Friday, November 6 by National Bank Canada. The firm has “Buy” rating given on Friday, November 10 by Northland Capital. On Monday, August 10 the stock rating was upgraded by Zacks to “Hold”.

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