Bonanza Creek Energy, Inc. (NYSE:BCEI) – Research analysts at KeyCorp lifted their Q1 2018 earnings per share (EPS) estimates for Bonanza Creek Energy in a note issued to investors on Tuesday. KeyCorp analyst D. Deckelbaum now expects that the oil and gas producer will post earnings per share of $0.52 for the quarter, up from their prior forecast of $0.32. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Bonanza Creek Energy’s Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.55 EPS and FY2018 earnings at $2.22 EPS.

Bonanza Creek Energy (NYSE:BCEI) last posted its quarterly earnings data on Wednesday, November 8th. The oil and gas producer reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.68. Bonanza Creek Energy had a negative net margin of 33.79% and a negative return on equity of 3.17%. The company had revenue of $45.23 million during the quarter, compared to analyst estimates of $45.63 million.

Several other brokerages have also recently commented on BCEI. BidaskClub upgraded shares of Bonanza Creek Energy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 18th. BMO Capital Markets set a $25.00 price target on shares of Bonanza Creek Energy and gave the stock a “hold” rating in a report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.00.

Bonanza Creek Energy (NYSE:BCEI) opened at $29.92 on Friday. Bonanza Creek Energy has a fifty-two week low of $23.33 and a fifty-two week high of $40.60.

Large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new stake in shares of Bonanza Creek Energy in the second quarter worth $156,000. Westwood Holdings Group Inc. acquired a new stake in Bonanza Creek Energy during the second quarter worth $181,000. Strs Ohio acquired a new stake in Bonanza Creek Energy during the second quarter worth $199,000. Voya Investment Management LLC acquired a new stake in Bonanza Creek Energy during the second quarter worth $304,000. Finally, Nationwide Fund Advisors acquired a new stake in Bonanza Creek Energy during the second quarter worth $366,000. 91.25% of the stock is currently owned by institutional investors.

In other news, major shareholder Whitebox Advisors Llc sold 500,000 shares of Bonanza Creek Energy stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $32.01, for a total value of $16,005,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.57% of the company’s stock.

WARNING: “Brokers Offer Predictions for Bonanza Creek Energy, Inc.’s Q1 2018 Earnings (BCEI)” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/12/16/brokers-offer-predictions-for-bonanza-creek-energy-inc-s-q1-2018-earnings-bcei.html.

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.

Earnings History and Estimates for Bonanza Creek Energy (NYSE:BCEI)

Receive News & Stock Ratings for Bonanza Creek Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bonanza Creek Energy and related stocks with our FREE daily email newsletter.