Revenue Update on Bellatrix Exploration Ltd(NYSE:BXE)

Bellatrix Exploration Ltd(NYSE:BXE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 15, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $50.878M. Analysts estimated a revenue of $45.680M. The revenues were 11.38% above the estimates. Earnings per share were $0.02. The reported EPS was above estimates by 140%. Analysts had estimated an EPS of $-0.05.

Bellatrix Exploration Ltd (BXE) shares turned negative on Fridays trading session with the shares closing down -0.0045 points or -0.58% at a volume of 3,18,137. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $0.776. The peak price level was also seen at $0.776 while the days lowest was $0.76. Finally the shares closed at $0.7715. The 52-week high of the shares is $1.3 while the 52-week low is $0.72. According to the latest information available, the market cap of the company is $190 M.

Bellatrix Exploration Ltd. is an intermediate energy producer focused on exploration and development of light oil and liquids-rich natural gas opportunities in the Western Canada Sedimentary Basin. The Company develops its two core resource plays the Cardium and the Notikewin/Falher intervals in Western Canada. The Company has a joint venture (the Daewoo and Devonian Partnership) with Daewoo International Corporation (Daewoo) and Devonian Natural Resources Private Equity Fund (Devonian) in the Baptiste area of West-Central 3 Alberta. The Company also has a joint venture (the Troika Joint Venture) with TCA Energy Ltd. (TCA) in the Ferrier Cardium area of West-Central Alberta.

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