Bonanza Creek Energy, Inc. (BCEI) Given Average Rating of “Hold” by Analysts
Shares of Bonanza Creek Energy, Inc. (NYSE:BCEI) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating. The average twelve-month target price among brokerages that have covered the stock in the last year is $25.00.
A number of analysts have recently issued reports on BCEI shares. BidaskClub cut Bonanza Creek Energy from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Zacks Investment Research cut Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 9th. BMO Capital Markets set a $25.00 price objective on Bonanza Creek Energy and gave the company a “hold” rating in a research report on Tuesday, October 10th. ValuEngine upgraded Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, KeyCorp reiterated a “hold” rating on shares of Bonanza Creek Energy in a research report on Monday, November 13th.
In other Bonanza Creek Energy news, major shareholder Whitebox Advisors Llc sold 300,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $31.59, for a total value of $9,477,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.57% of the company’s stock.
Bonanza Creek Energy (BCEI) traded down $0.53 on Monday, hitting $28.80. The stock had a trading volume of 175,900 shares, compared to its average volume of 303,589. The company has a market capitalization of $589.06, a PE ratio of -0.19 and a beta of 2.01. Bonanza Creek Energy has a 1-year low of $23.33 and a 1-year high of $40.60.
Bonanza Creek Energy (NYSE:BCEI) last released its quarterly earnings data on Wednesday, November 8th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.68. The business had revenue of $45.23 million for the quarter, compared to analysts’ expectations of $45.63 million. Bonanza Creek Energy had a negative return on equity of 3.17% and a negative net margin of 33.79%. sell-side analysts forecast that Bonanza Creek Energy will post 0.49 EPS for the current year.
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About Bonanza Creek Energy
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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