Somewhat Favorable News Coverage Somewhat Unlikely to Impact Bonanza Creek Energy (BCEI) Stock Price

Media coverage about Bonanza Creek Energy (NYSE:BCEI) has trended somewhat positive on Wednesday, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bonanza Creek Energy earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the oil and gas producer an impact score of 44.5772931609088 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Shares of Bonanza Creek Energy (BCEI) traded down $0.80 during midday trading on Wednesday, hitting $28.00. 234,000 shares of the stock traded hands, compared to its average volume of 296,630. The stock has a market cap of $589.06 and a PE ratio of -0.06. Bonanza Creek Energy has a 52-week low of $23.33 and a 52-week high of $40.60.

Bonanza Creek Energy (NYSE:BCEI) last issued its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.67 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.68. The company had revenue of $45.23 million for the quarter, compared to the consensus estimate of $45.63 million. Bonanza Creek Energy had a negative net margin of 33.79% and a negative return on equity of 3.17%. equities research analysts predict that Bonanza Creek Energy will post 0.49 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine upgraded shares of Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. BidaskClub cut shares of Bonanza Creek Energy from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. BMO Capital Markets set a $25.00 target price on shares of Bonanza Creek Energy and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, KeyCorp restated a “hold” rating on shares of Bonanza Creek Energy in a research report on Monday, November 13th. Six research analysts have rated the stock with a hold rating, Bonanza Creek Energy has a consensus rating of “Hold” and a consensus price target of $28.50.

In related news, major shareholder Whitebox Advisors Llc sold 300,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $31.59, for a total transaction of $9,477,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

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Bonanza Creek Energy Company Profile

Bonanza Creek Energy, Inc (Bonanza Creek) is an independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company’s oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado and the Dorcheat Macedonia Field in southern Arkansas.

Insider Buying and Selling by Quarter for Bonanza Creek Energy (NYSE:BCEI)

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