News stories about Bonanza Creek Energy (NYSE:BCEI) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bonanza Creek Energy earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 46.3590477826186 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
NYSE BCEI traded up $2.33 during mid-day trading on Tuesday, hitting $34.77. The stock had a trading volume of 1,046,184 shares, compared to its average volume of 286,861. Bonanza Creek Energy has a 52-week low of $23.33 and a 52-week high of $37.50. The company has a market capitalization of $676.39 million, a P/E ratio of 13.69 and a beta of 1.68. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.57 and a quick ratio of 0.55.
Bonanza Creek Energy (NYSE:BCEI) last released its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.43. Bonanza Creek Energy had a return on equity of 7.13% and a net margin of 51.92%. The firm had revenue of $64.19 million during the quarter, compared to the consensus estimate of $59.30 million. research analysts expect that Bonanza Creek Energy will post 4.47 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on BCEI shares. BMO Capital Markets reissued a “hold” rating and set a $27.00 target price on shares of Bonanza Creek Energy in a research note on Wednesday, April 11th. Zacks Investment Research downgraded Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 2nd. Imperial Capital started coverage on Bonanza Creek Energy in a research note on Thursday, April 26th. They set an “outperform” rating and a $37.00 target price for the company. Finally, ValuEngine raised Bonanza Creek Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, June 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.67.
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.
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