Zacks Investment Research upgraded shares of Bonanza Creek Energy (NYSE:BCEI) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday, January 2nd. Zacks Investment Research currently has $32.00 price target on the oil and gas producer’s stock.
According to Zacks, “Bonanza Creek Energy, Inc. is engaged in the acquisition, exploration and development of onshore oil and natural gas properties in the United States. The Company’s core operating areas are the DJ Basin in Colorado and the Cotton Valley formation in southern Arkansas. Bonanza Creek Energy, Inc. is based in Denver, Colorado. “
BCEI has been the subject of a number of other research reports. KeyCorp reissued a hold rating on shares of Bonanza Creek Energy in a research report on Wednesday, September 6th. BidaskClub cut Bonanza Creek Energy from a buy rating to a hold rating in a research note on Friday, November 10th. Finally, BMO Capital Markets set a $25.00 price target on Bonanza Creek Energy and gave the stock a hold rating in a research note on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating, Bonanza Creek Energy has an average rating of Hold and a consensus price target of $28.50.
Bonanza Creek Energy (NYSE BCEI) traded up $1.74 on Tuesday, hitting $30.01. The stock had a trading volume of 98,953 shares, compared to its average volume of 303,039. The firm has a market cap of $578.22 and a PE ratio of -0.07. 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 issued its quarterly earnings data on Wednesday, November 8th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.68. Bonanza Creek Energy had a negative return on equity of 3.17% and a negative net margin of 33.79%. The firm had revenue of $45.23 million during the quarter, compared to analysts’ expectations of $45.63 million. research analysts predict that Bonanza Creek Energy will post 0.49 earnings per share for the current fiscal year.
In other news, major shareholder Whitebox Advisors Llc sold 300,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $31.59, for a total transaction of $9,477,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.57% of the company’s stock.
Large investors have recently made changes to their positions in the company. Legal & General Group Plc purchased a new stake in shares of Bonanza Creek Energy in the second quarter valued at $156,000. Westwood Holdings Group Inc. purchased a new stake in shares of Bonanza Creek Energy in the second quarter valued at $181,000. Voya Investment Management LLC purchased a new stake in shares of Bonanza Creek Energy in the second quarter valued at $304,000. Nationwide Fund Advisors purchased a new stake in shares of Bonanza Creek Energy in the second quarter valued at $366,000. Finally, American Century Companies Inc. purchased a new stake in shares of Bonanza Creek Energy in the second quarter valued at $396,000. Institutional investors own 91.25% 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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