Bonanza Creek Energy, Inc. (NYSE:BCEI) – Stock analysts at KeyCorp lifted their Q4 2021 EPS estimates for shares of Bonanza Creek Energy in a research note issued to investors on Monday, June 7th. KeyCorp analyst L. Mariani now forecasts that the oil and gas producer will post earnings of $1.76 per share for the quarter, up from their previous forecast of $1.75. KeyCorp has a “Overweight” rating and a $52.00 price objective on the stock. KeyCorp also issued estimates for Bonanza Creek Energy’s Q1 2022 earnings at $1.96 EPS.
Bonanza Creek Energy (NYSE:BCEI) last announced its earnings results on Sunday, May 2nd. The oil and gas producer reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.13. Bonanza Creek Energy had a return on equity of 2.45% and a net margin of 10.72%.
Shares of BCEI opened at $48.36 on Wednesday. Bonanza Creek Energy has a 1 year low of $14.02 and a 1 year high of $48.57. The stock has a 50 day moving average of $38.50. The firm has a market cap of $1.01 billion, a PE ratio of 41.33 and a beta of 2.01.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Monday, June 14th.
In other Bonanza Creek Energy news, CFO Brant Demuth sold 3,315 shares of the stock in a transaction dated Wednesday, May 12th. The stock was sold at an average price of $41.01, for a total value of $135,948.15. Following the completion of the transaction, the chief financial officer now directly owns 44,884 shares in the company, valued at $1,840,692.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Macroview Investment Management LLC acquired a new stake in Bonanza Creek Energy during the first quarter worth approximately $39,000. Captrust Financial Advisors raised its stake in Bonanza Creek Energy by 3,217.5% during the 1st quarter. Captrust Financial Advisors now owns 1,327 shares of the oil and gas producer’s stock worth $47,000 after buying an additional 1,287 shares during the period. Strs Ohio acquired a new stake in Bonanza Creek Energy in the 4th quarter valued at $90,000. Yaupon Capital Management LP bought a new stake in shares of Bonanza Creek Energy during the first quarter worth about $122,000. Finally, James Investment Research Inc. bought a new position in shares of Bonanza Creek Energy in the first quarter valued at approximately $159,000.
About Bonanza Creek Energy
Bonanza Creek Energy, Inc, an oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and related liquids-rich natural gas in the United States. Its primary oil and liquids-weighted assets are located in the Wattenberg Field in Colorado. As of December 31, 2020, the company had proved reserves of 118.2 million barrel of oil equivalent.
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