According to Zacks, “Bonanza Creek Energy, Inc. is engaged in the acquisition, exploration and development of onshore oil and natural gas properties in the United States. The Company’s core operating areas are the DJ Basin in Colorado and the Cotton Valley formation in southern Arkansas. Bonanza Creek Energy, Inc. is based in Denver, Colorado. “
Other analysts have also recently issued reports about the company. KeyCorp boosted their price objective on Bonanza Creek Energy from $40.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, April 13th. Truist upgraded Bonanza Creek Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $40.00 in a research report on Wednesday, April 21st. Finally, Truist Securities upgraded Bonanza Creek Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $40.00 in a research report on Tuesday, April 27th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $32.44.
NYSE:BCEI traded up $2.66 during trading hours on Tuesday, reaching $36.44. The company had a trading volume of 802,185 shares, compared to its average volume of 370,733. Bonanza Creek Energy has a 1-year low of $14.02 and a 1-year high of $40.79. The firm has a market cap of $759.37 million, a PE ratio of 18.69 and a beta of 1.99. The business’s 50 day moving average price is $33.57 and its 200-day moving average price is $26.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.26 and a quick ratio of 1.14.
Bonanza Creek Energy (NYSE:BCEI) last announced its quarterly earnings results on Sunday, May 2nd. The oil and gas producer reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.13. Bonanza Creek Energy had a return on equity of 4.09% and a net margin of 17.03%. On average, analysts expect that Bonanza Creek Energy will post -1.88 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. grew its stake in Bonanza Creek Energy by 27.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,123,742 shares of the oil and gas producer’s stock worth $21,722,000 after buying an additional 243,796 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Bonanza Creek Energy by 41.7% during the 4th quarter. JPMorgan Chase & Co. now owns 296,521 shares of the oil and gas producer’s stock worth $5,731,000 after buying an additional 87,245 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in Bonanza Creek Energy by 14.4% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 197,722 shares of the oil and gas producer’s stock worth $7,065,000 after buying an additional 24,955 shares during the last quarter. Sourcerock Group LLC purchased a new position in Bonanza Creek Energy during the 4th quarter worth approximately $3,750,000. Finally, Assenagon Asset Management S.A. grew its stake in Bonanza Creek Energy by 51.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 177,167 shares of the oil and gas producer’s stock worth $6,330,000 after buying an additional 60,495 shares during the last quarter.
About Bonanza Creek Energy
Bonanza Creek Energy, Inc, an oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and related liquids-rich natural gas in the United States. Its primary oil and liquids-weighted assets are located in the Wattenberg Field in Colorado. As of December 31, 2020, the company had proved reserves of 118.2 million barrel of oil equivalent.
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