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Proxima Capital Management LLC Cut Its Holding in Bellatrix Exploration LTD (BXE) by $7.44 Million as Stock Declined

December 8, 2017 - By reb123z

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 3.72 million shares as the company’s stock declined 10.52% while stock markets rallied. The hedge fund run by Youlia Miteva held 1.08M shares of the oil & gas production company at the end of 2017Q2, valued at $3.09 million, 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 $184.46 million US Long portfolio, upped its stake in Avis Budget Group (NASDAQ:CAR) by 279,500 shares to 580,000 shares, valued at $15.82 million 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: “Bare Bones Bellatrix (Part 1)” on January 03, 2017, 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: “Why Bellatrix Exploration Looks Set For A Break-Out” on December 21, 2016. More interesting news about Bellatrix Exploration Ltd. (NYSE:BXE) were released by: Seekingalpha.com and their article: “Bellatrix Exploration: Cash Flow Jumps And Banks Change Attitude – Speculative Buy” published on August 20, 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 firm earned “Outperform” rating on Friday, November 6 by National Bank Canada. As per Friday, November 10, the company rating was maintained by Northland Capital. The rating was upgraded by Zacks on Monday, August 10 to “Hold”.

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