ValuEngine cut shares of Bonanza Creek Energy (NYSE:BCEI) from a sell rating to a strong sell rating in a research note published on Tuesday.
Several other equities research analysts also recently issued reports on the stock. 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 note on Monday, May 14th. Telsey Advisory Group lowered their price objective on shares of Bonanza Creek Energy from $53.00 to $50.00 and set an outperform rating on the stock in a research note on Friday, August 10th. Finally, Imperial Capital raised their price objective on shares of Bonanza Creek Energy from $37.00 to $48.00 and gave the stock an outperform rating in a research note on Thursday, May 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $40.75.
Shares of Bonanza Creek Energy stock opened at $29.92 on Tuesday. The firm has a market capitalization of $622.19 million, a PE ratio of 9.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.81 and a current ratio of 0.83. Bonanza Creek Energy has a 1 year low of $23.66 and a 1 year high of $40.38.
Bonanza Creek Energy (NYSE:BCEI) last announced its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.16). The company had revenue of $71.87 million during the quarter, compared to analyst estimates of $70.66 million. Bonanza Creek Energy had a return on equity of 9.73% and a net margin of 7.47%. sell-side analysts anticipate that Bonanza Creek Energy will post 3.3 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new stake in Bonanza Creek Energy during the first quarter worth $230,000. Dynamic Technology Lab Private Ltd acquired a new stake in Bonanza Creek Energy during the second quarter worth $245,000. Eqis Capital Management Inc. acquired a new stake in Bonanza Creek Energy during the second quarter worth $254,000. BlueMountain Capital Management LLC acquired a new stake in Bonanza Creek Energy during the second quarter worth $268,000. Finally, Tibra Equities Europe Ltd acquired a new stake in Bonanza Creek Energy during the first quarter worth $318,000.
Bonanza Creek Energy Company Profile
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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