Bonanza Creek Energy Inc (NYSE:BCEI)’s stock price traded up 5.4% during trading on Friday . The stock traded as high as $18.93 and last traded at $18.81, 219,162 shares were traded during mid-day trading. An increase of 6% from the average session volume of 206,315 shares. The stock had previously closed at $17.84.
A number of research analysts have recently commented on BCEI shares. ValuEngine upgraded shares of Bonanza Creek Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered Bonanza Creek Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, October 28th. Finally, KeyCorp started coverage on Bonanza Creek Energy in a report on Tuesday, September 3rd. They issued an “overweight” rating and a $26.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.75.
The firm has a market capitalization of $368.13 million, a P/E ratio of 3.76 and a beta of 1.58. The company has a quick ratio of 1.08, a current ratio of 1.15 and a debt-to-equity ratio of 0.09. The firm’s 50-day simple moving average is $18.42 and its 200-day simple moving average is $20.74.
Bonanza Creek Energy (NYSE:BCEI) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $1.74 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.38. The business had revenue of $75.18 million during the quarter, compared to analysts’ expectations of $77.68 million. Bonanza Creek Energy had a net margin of 58.72% and a return on equity of 19.78%. As a group, analysts expect that Bonanza Creek Energy Inc will post 4.14 EPS for the current fiscal year.
In related news, CFO Brant Demuth bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average cost of $16.80 per share, for a total transaction of $50,400.00. Following the completion of the transaction, the chief financial officer now owns 37,283 shares of the company’s stock, valued at $626,354.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC bought a new position in Bonanza Creek Energy during the second quarter valued at approximately $27,000. Usca Ria LLC bought a new position in Bonanza Creek Energy in the 3rd quarter worth $30,000. Meeder Asset Management Inc. bought a new position in Bonanza Creek Energy in the 3rd quarter worth $32,000. Bank of Montreal Can purchased a new stake in Bonanza Creek Energy in the 2nd quarter worth $40,000. Finally, JPMorgan Chase & Co. increased its stake in Bonanza Creek Energy by 43.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,591 shares of the oil and gas producer’s stock worth $133,000 after buying an additional 1,992 shares in the last quarter.
About Bonanza Creek Energy (NYSE:BCEI)
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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