Brokerages Expect Bonanza Creek Energy Inc (BCEI) to Announce $1.34 EPS

Brokerages forecast that Bonanza Creek Energy Inc (NYSE:BCEI) will report earnings per share of $1.32 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Bonanza Creek Energy’s earnings, with the lowest EPS estimate coming in at $1.23 and the highest estimate coming in at $1.41. Bonanza Creek Energy reported earnings of $0.67 per share during the same quarter last year, which would suggest a positive year over year growth rate of 97%. The business is scheduled to report its next earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Bonanza Creek Energy will report full year earnings of $5.57 per share for the current year, with EPS estimates ranging from $5.37 to $5.81. For the next fiscal year, analysts anticipate that the firm will post earnings of $9.17 per share, with EPS estimates ranging from $7.61 to $11.07. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Bonanza Creek Energy.

Bonanza Creek Energy (NYSE:BCEI) last posted its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.43. Bonanza Creek Energy had a net margin of 51.92% and a return on equity of 7.13%. The firm had revenue of $64.19 million for the quarter, compared to analysts’ expectations of $59.30 million.

Several equities analysts have weighed in on BCEI shares. Zacks Investment Research upgraded shares of Bonanza Creek Energy from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a research report on Monday, May 14th. BMO Capital Markets reiterated a “hold” rating and set a $27.00 price objective on shares of Bonanza Creek Energy in a research report on Wednesday, April 11th. ValuEngine cut shares of Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Finally, Imperial Capital started coverage on shares of Bonanza Creek Energy in a research report on Thursday, April 26th. They set an “outperform” rating and a $37.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.67.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in shares of Bonanza Creek Energy by 8.1% during the 4th quarter. Bank of New York Mellon Corp now owns 93,321 shares of the oil and gas producer’s stock valued at $2,574,000 after acquiring an additional 6,968 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Bonanza Creek Energy by 33.2% during the 4th quarter. BlackRock Inc. now owns 1,422,756 shares of the oil and gas producer’s stock valued at $39,254,000 after acquiring an additional 354,959 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Bonanza Creek Energy by 31.2% during the 4th quarter. Alliancebernstein L.P. now owns 26,380 shares of the oil and gas producer’s stock valued at $728,000 after acquiring an additional 6,280 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Bonanza Creek Energy by 73.0% during the 4th quarter. Deutsche Bank AG now owns 66,807 shares of the oil and gas producer’s stock valued at $1,841,000 after acquiring an additional 28,199 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Bonanza Creek Energy by 492.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 164,052 shares of the oil and gas producer’s stock valued at $4,526,000 after acquiring an additional 136,373 shares in the last quarter.

NYSE BCEI opened at $36.47 on Monday. Bonanza Creek Energy has a twelve month low of $23.33 and a twelve month high of $40.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.55 and a current ratio of 0.57. The company has a market cap of $809.01 million, a price-to-earnings ratio of 16.38 and a beta of 1.57.

About Bonanza Creek Energy

Bonanza Creek Energy, Inc engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the United States. The company's oil and liquids-weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas.

Featured Article: Are Wall Street analysts’ stock ratings worth following?

Get a free copy of the Zacks research report on Bonanza Creek Energy (BCEI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Bonanza Creek Energy (NYSE:BCEI)

Receive News & Ratings for Bonanza Creek Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bonanza Creek Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply