Bonanza Creek Energy, Inc. (BCEI) Issues Earnings Results
Bonanza Creek Energy, Inc. (NYSE:BCEI) released its quarterly earnings results on Wednesday. The oil and gas producer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.68, Bloomberg Earnings reports. Bonanza Creek Energy had a negative return on equity of 24.22% and a negative net margin of 53.37%. The company had revenue of $45.23 million during the quarter, compared to analysts’ expectations of $45.63 million.
Bonanza Creek Energy (NYSE BCEI) traded up $0.23 during trading hours on Friday, reaching $32.84. The company’s stock had a trading volume of 24,862 shares, compared to its average volume of 197,237. Bonanza Creek Energy has a 12 month low of $23.33 and a 12 month high of $40.60.
Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Tuesday, October 10th. BidaskClub upgraded Bonanza Creek Energy from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. KeyCorp restated a “hold” rating on shares of Bonanza Creek Energy in a research report on Wednesday, September 6th. Finally, BMO Capital Markets restated a “hold” rating and issued a $25.00 target price on shares of Bonanza Creek Energy in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $31.50.
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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.
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