Bonanza Creek Energy Inc (NYSE:BCEI) Receives $35.00 Average PT from Brokerages

Shares of Bonanza Creek Energy Inc (NYSE:BCEI) have been given a consensus recommendation of “Hold” by the seven research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $35.00.

A number of equities analysts have issued reports on the stock. Capital One Financial raised shares of Bonanza Creek Energy from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. Zacks Investment Research cut shares of Bonanza Creek Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 23rd. Finally, Imperial Capital reissued an “outperform” rating and issued a $30.00 target price (up previously from $28.00) on shares of Bonanza Creek Energy in a report on Wednesday, July 24th.

NYSE BCEI traded up $0.42 during trading hours on Friday, reaching $21.05. The company’s stock had a trading volume of 152,496 shares, compared to its average volume of 181,441. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.17 and a current ratio of 1.19. The company has a 50-day moving average of $20.48. Bonanza Creek Energy has a 52 week low of $17.64 and a 52 week high of $40.38. The company has a market cap of $449.61 million, a PE ratio of 4.59 and a beta of 1.56.

Bonanza Creek Energy (NYSE:BCEI) last issued its earnings results on Wednesday, May 8th. The oil and gas producer reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($1.79). Bonanza Creek Energy had a return on equity of 20.92% and a net margin of 51.69%. The business had revenue of $72.59 million during the quarter, compared to the consensus estimate of $71.19 million. As a group, sell-side analysts forecast that Bonanza Creek Energy will post 4.8 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Bonanza Creek Energy by 136.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,239 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 715 shares during the last quarter. Denali Advisors LLC bought a new stake in shares of Bonanza Creek Energy during the second quarter valued at approximately $77,000. BNP Paribas Arbitrage SA raised its holdings in shares of Bonanza Creek Energy by 48,962.5% during the first quarter. BNP Paribas Arbitrage SA now owns 3,925 shares of the oil and gas producer’s stock valued at $89,000 after buying an additional 3,917 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Bonanza Creek Energy by 358.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,419 shares of the oil and gas producer’s stock valued at $153,000 after buying an additional 5,799 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Bonanza Creek Energy during the first quarter valued at approximately $205,000.

Bonanza Creek Energy Company Profile

Bonanza Creek Energy, Inc, an exploration and production company, focuses on the extraction of onshore oil and related liquids-rich natural gas in the United States. The company's primary oil and liquids-weighted assets are located in the Wattenberg Field in Colorado. As of December 31, 2018, it had proved reserves of 116.8 million barrel of oil equivalent.

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