ValuEngine upgraded shares of Bonanza Creek Energy (NYSE:BCEI) from a sell rating to a hold rating in a report issued on Tuesday morning.
A number of other analysts have also recently issued reports on BCEI. Imperial Capital raised their price objective on Bonanza Creek Energy from $37.00 to $48.00 and gave the company an outperform rating in a research report on Thursday, May 10th. BMO Capital Markets reaffirmed a hold rating and issued a $27.00 price objective on shares of Bonanza Creek Energy in a research report on Wednesday, April 11th. Finally, Zacks Investment Research raised Bonanza Creek Energy from a hold rating to a strong-buy rating and set a $32.00 price objective for the company in a research report on Thursday, March 8th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $37.67.
Shares of NYSE BCEI opened at $34.77 on Tuesday. Bonanza Creek Energy has a 52 week low of $23.33 and a 52 week high of $37.50. The company has a market cap of $676.39 million, a P/E ratio of 13.69 and a beta of 1.68. The company has a quick ratio of 0.55, a current ratio of 0.57 and a debt-to-equity ratio of 0.02.
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 (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $64.19 million during the quarter, compared to analysts’ expectations of $59.30 million. equities research analysts anticipate that Bonanza Creek Energy will post 4.47 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BCEI. Schwab Charles Investment Management Inc. lifted its position in shares of Bonanza Creek Energy by 28.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 102,638 shares of the oil and gas producer’s stock valued at $2,832,000 after buying an additional 22,957 shares during the last quarter. Swiss National Bank acquired a new stake in Bonanza Creek Energy during the 4th quarter worth approximately $817,000. Bank of New York Mellon Corp lifted its holdings in 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 worth $2,574,000 after purchasing an additional 6,968 shares during the last quarter. BlackRock Inc. lifted its holdings in 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 worth $39,254,000 after purchasing an additional 354,959 shares during the last quarter. Finally, Spark Investment Management LLC acquired a new stake in Bonanza Creek Energy during the 4th quarter worth approximately $389,000.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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