Shares of Bonanza Creek Energy Inc (NYSE:BCEI) have earned a consensus rating of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $26.67.
A number of equities research analysts have recently weighed in on the company. SunTrust Banks set a $24.00 target price on Bonanza Creek Energy and gave the stock a “hold” rating in a report on Friday, August 9th. ValuEngine raised Bonanza Creek Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. KeyCorp initiated coverage on Bonanza Creek Energy in a research note on Tuesday, September 3rd. They set an “overweight” rating and a $26.00 price objective on the stock. Finally, Zacks Investment Research downgraded Bonanza Creek Energy from a “hold” rating to a “strong sell” rating in a report on Monday, October 28th.
In related news, CFO Brant Demuth acquired 3,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were acquired 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 directly owns 37,283 shares of the company’s stock, valued at $626,354.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of BCEI. Barclays PLC lifted its position in shares of Bonanza Creek Energy by 26.3% in the third quarter. Barclays PLC now owns 43,348 shares of the oil and gas producer’s stock valued at $970,000 after buying an additional 9,026 shares during the last quarter. California State Teachers Retirement System grew its stake 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 worth $660,000 after buying an additional 624 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of Bonanza Creek Energy by 231.3% in the 3rd quarter. Donald Smith & CO. Inc. now owns 331,330 shares of the oil and gas producer’s stock worth $7,418,000 after buying an additional 231,330 shares during the last quarter. California Public Employees Retirement System bought a new position in shares of Bonanza Creek Energy in the 3rd quarter worth $204,000. Finally, Usca Ria LLC purchased a new stake in shares of Bonanza Creek Energy during the 3rd quarter valued at $30,000.
Shares of BCEI stock traded up $0.45 during trading hours on Friday, reaching $18.25. 6,775 shares of the stock traded hands, compared to its average volume of 215,491. The company has a quick ratio of 1.08, a current ratio of 1.15 and a debt-to-equity ratio of 0.09. Bonanza Creek Energy has a 1-year low of $16.60 and a 1-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 released its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.38. The business had revenue of $75.18 million for the quarter, compared to analysts’ expectations of $77.68 million. Bonanza Creek Energy had a return on equity of 19.78% and a net margin of 58.72%. As a group, equities research analysts anticipate that Bonanza Creek Energy will post 4.14 EPS for the current year.
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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