Bonanza Creek Energy Inc. (NYSE:BCEI) announced its earnings results on Wednesday. The company reported ($0.35) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.28) by $0.07. Bonanza Creek Energy had a negative net margin of 343.45% and a negative return on equity of 20.86%. The business had revenue of $49.30 million for the quarter, compared to analysts’ expectations of $50.92 million. During the same period in the prior year, the company posted ($0.07) earnings per share. The firm’s quarterly revenue was down 31.6% on a year-over-year basis.

Shares of Bonanza Creek Energy (NYSE:BCEI) opened at 0.9324 on Friday. The company’s 50-day moving average is $1.00 and its 200-day moving average is $1.69. Bonanza Creek Energy has a one year low of $0.60 and a one year high of $8.96. The company’s market cap is $46.36 million.

Earnings History for Bonanza Creek Energy (NYSE:BCEI)

A number of institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. boosted its position in Bonanza Creek Energy by 1.0% in the second quarter. Prudential Financial Inc. now owns 94,320 shares of the company’s stock worth $190,000 after buying an additional 950 shares in the last quarter. Principal Financial Group Inc. boosted its position in Bonanza Creek Energy by 2.5% in the second quarter. Principal Financial Group Inc. now owns 286,330 shares of the company’s stock worth $576,000 after buying an additional 6,994 shares in the last quarter. Bridgeway Capital Management Inc. boosted its position in Bonanza Creek Energy by 571.4% in the second quarter. Bridgeway Capital Management Inc. now owns 141,000 shares of the company’s stock worth $283,000 after buying an additional 120,000 shares in the last quarter. Paloma Partners Management Co bought a new position in Bonanza Creek Energy during the second quarter worth $226,000. Finally, Cubist Systematic Strategies LLC bought a new position in Bonanza Creek Energy during the second quarter worth $143,000. Institutional investors own 73.25% of the company’s stock.

BCEI has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Bonanza Creek Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 11th. SunTrust Banks Inc. lowered shares of Bonanza Creek Energy from a “neutral” rating to a “reduce” rating in a research report on Wednesday, July 27th. Wunderlich lowered shares of Bonanza Creek Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd. Stifel Nicolaus upgraded shares of Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research report on Thursday, September 29th. Finally, JPMorgan Chase & Co. lowered shares of Bonanza Creek Energy from a “neutral” rating to an “underweight” rating in a research report on Tuesday, August 2nd. Eight investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. Bonanza Creek Energy currently has a consensus rating of “Hold” and a consensus price target of $4.91.

Bonanza Creek Energy Company Profile

Bonanza Creek Energy, Inc (Bonanza Creek) is an independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company’s oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado and the Dorcheat Macedonia Field in southern Arkansas.

5 Day Chart for NYSE:BCEI

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