Brokers Offer Predictions for Bonanza Creek Energy, Inc.’s Q1 2018 Earnings (BCEI)
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.
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.
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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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