Bonanza Creek Energy (NYSE:BCEI) had its price target upped by stock analysts at Imperial Capital to $53.00 in a report released on Friday, The Fly reports. Imperial Capital’s price objective points to a potential upside of 81.82% from the company’s current price. Imperial Capital also issued estimates for Bonanza Creek Energy’s Q3 2018 earnings at $1.06 EPS, Q3 2019 earnings at $2.76 EPS and Q4 2019 earnings at $3.55 EPS.
A number of other equities research analysts also recently issued reports on BCEI. ValuEngine upgraded Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. Telsey Advisory Group cut their price target on Bonanza Creek Energy from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, August 10th. Finally, Zacks Investment Research downgraded Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.00.
Shares of NYSE:BCEI opened at $29.15 on Friday. Bonanza Creek Energy has a fifty-two week low of $23.66 and a fifty-two week high of $40.38. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $598.77 million, a price-to-earnings ratio of 8.78 and a beta of 1.45.
Bonanza Creek Energy (NYSE:BCEI) last issued its earnings results on Wednesday, August 8th. The oil and gas producer reported $1.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.16). The business had revenue of $71.87 million during the quarter, compared to analysts’ expectations 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 forecast that Bonanza Creek Energy will post 3.3 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new stake in shares of Bonanza Creek Energy during the 3rd quarter valued at about $200,000. Cubist Systematic Strategies LLC bought a new stake in shares of Bonanza Creek Energy during the 1st quarter valued at about $230,000. Louisiana State Employees Retirement System bought a new stake in shares of Bonanza Creek Energy during the 3rd quarter valued at about $244,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Bonanza Creek Energy during the 2nd quarter valued at about $245,000. Finally, Eqis Capital Management Inc. bought a new stake in shares of Bonanza Creek Energy during the 2nd quarter valued at about $254,000.
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.
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