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. “
A number of other brokerages have also issued reports on BCEI. Truist raised Bonanza Creek Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $40.00 in a report on Wednesday, April 21st. Truist Securities raised Bonanza Creek Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $30.00 to $40.00 in a report on Tuesday, April 27th. Finally, KeyCorp raised their price target on Bonanza Creek Energy from $40.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, April 13th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $32.44.
Shares of NYSE:BCEI traded up $2.66 during trading on Tuesday, hitting $36.44. 802,185 shares of the company traded hands, compared to its average volume of 370,733. The stock has a market capitalization of $759.37 million, a price-to-earnings ratio of 18.69 and a beta of 1.99. The business’s fifty day moving average is $33.57 and its 200-day moving average is $26.18. Bonanza Creek Energy has a one year low of $14.02 and a one year high of $40.79. The company has a quick ratio of 1.14, a current ratio of 1.26 and a debt-to-equity ratio of 0.02.
Bonanza Creek Energy (NYSE:BCEI) last posted its earnings results on Sunday, May 2nd. The oil and gas producer reported $0.88 EPS for the quarter, beating the Thomson Reuters’ 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 forecast that Bonanza Creek Energy will post -1.88 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. Macroview Investment Management LLC acquired a new position in Bonanza Creek Energy during the first quarter worth about $39,000. Strs Ohio acquired a new position in shares of Bonanza Creek Energy in the 4th quarter valued at $90,000. Pacer Advisors Inc. acquired a new position in shares of Bonanza Creek Energy in the 4th quarter valued at $128,000. James Investment Research Inc. acquired a new position in shares of Bonanza Creek Energy in the 1st quarter valued at $159,000. Finally, SG Americas Securities LLC acquired a new position in shares of Bonanza Creek Energy in the 4th quarter valued at $201,000.
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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