Shares of Bonanza Creek Energy Inc (NYSE:BCEI) have received an average rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $26.67.
Several research firms recently weighed in on BCEI. Zacks Investment Research downgraded Bonanza Creek Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, October 28th. SunTrust Banks set a $24.00 price objective on Bonanza Creek Energy and gave the company a “hold” rating in a research note on Friday, August 9th. KeyCorp assumed coverage on Bonanza Creek Energy in a report on Tuesday, September 3rd. They issued an “overweight” rating and a $26.00 target price on the stock. Finally, ValuEngine raised Bonanza Creek Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd.
NYSE:BCEI traded up $0.45 during mid-day trading on Friday, hitting $18.25. 6,775 shares of the company’s stock were exchanged, compared to its average volume of 215,491. The company has a current ratio of 1.15, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. Bonanza Creek Energy has a one year low of $16.60 and a one year high of $27.47. The business has a fifty day moving average price of $18.55 and a 200 day moving average price of $20.83.
Bonanza Creek Energy (NYSE:BCEI) last announced its earnings results on Wednesday, November 6th. The oil and gas producer reported $1.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.38. Bonanza Creek Energy had a net margin of 58.72% and a return on equity of 19.78%. The business had revenue of $75.18 million during the quarter, compared to the consensus estimate of $77.68 million. As a group, analysts forecast that Bonanza Creek Energy will post 4.14 EPS for the current fiscal year.
In other news, CFO Brant Demuth bought 3,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were purchased at an average price of $16.80 per share, for a total transaction of $50,400.00. Following the completion of the purchase, the chief financial officer now owns 37,283 shares in the company, valued at approximately $626,354.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.60% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in BCEI. Barclays PLC raised its holdings in Bonanza Creek Energy by 26.3% in the 3rd quarter. Barclays PLC now owns 43,348 shares of the oil and gas producer’s stock worth $970,000 after acquiring an additional 9,026 shares during the last quarter. California State Teachers Retirement System lifted its position in Bonanza Creek Energy by 2.2% in the 3rd quarter. California State Teachers Retirement System now owns 29,486 shares of the oil and gas producer’s stock valued at $660,000 after acquiring an additional 624 shares in the last quarter. Donald Smith & CO. Inc. boosted its stake in Bonanza Creek Energy by 231.3% during the 3rd quarter. Donald Smith & CO. Inc. now owns 331,330 shares of the oil and gas producer’s stock valued at $7,418,000 after purchasing an additional 231,330 shares during the last quarter. California Public Employees Retirement System purchased a new stake in Bonanza Creek Energy during the 3rd quarter valued at $204,000. Finally, Usca Ria LLC bought a new stake in shares of Bonanza Creek Energy in the 3rd quarter worth $30,000.
Bonanza Creek Energy Company Profile
Bonanza Creek Energy, Inc, an exploration and production company, focuses on the extraction of onshore oil and related liquids-rich natural gas in the United States. The company's primary oil and liquids-weighted assets are located in the Wattenberg Field in Colorado. As of December 31, 2018, it had proved reserves of 116.8 million barrel of oil equivalent.
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