Bonanza Creek Energy (NYSE:BCEI) – Investment analysts at Capital One Financial lifted their Q1 2018 earnings estimates for Bonanza Creek Energy in a report released on Thursday, April 12th. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will post earnings per share of $0.65 for the quarter, up from their previous forecast of $0.62. Capital One Financial also issued estimates for Bonanza Creek Energy’s FY2018 earnings at $2.98 EPS.
Bonanza Creek Energy (NYSE:BCEI) last issued its quarterly earnings data on Wednesday, March 14th. The oil and gas producer reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. Bonanza Creek Energy had a negative net margin of 1.23% and a positive return on equity of 5.49%. The firm had revenue of $50.19 million for the quarter, compared to analyst estimates of $43.34 million.
BCEI has been the topic of a number of other research reports. BMO Capital Markets reissued a “hold” rating and set a $27.00 price objective on shares of Bonanza Creek Energy in a report on Wednesday. Zacks Investment Research lowered shares of Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, ValuEngine raised shares of Bonanza Creek Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Six analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $29.50.
Shares of NYSE:BCEI opened at $28.06 on Friday. Bonanza Creek Energy has a 12 month low of $23.33 and a 12 month high of $40.60. The stock has a market cap of $566.56, a price-to-earnings ratio of 20.67 and a beta of 1.65.
A number of large investors have recently modified their holdings of BCEI. Nationwide Fund Advisors grew its holdings in Bonanza Creek Energy by 36.2% during the 3rd quarter. Nationwide Fund Advisors now owns 15,718 shares of the oil and gas producer’s stock worth $519,000 after acquiring an additional 4,175 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Bonanza Creek Energy by 20.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 86,353 shares of the oil and gas producer’s stock valued at $2,849,000 after purchasing an additional 14,907 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of Bonanza Creek Energy in the 3rd quarter valued at about $451,000. JPMorgan Chase & Co. boosted its stake in shares of Bonanza Creek Energy by 23.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 544,116 shares of the oil and gas producer’s stock valued at $18,179,000 after purchasing an additional 103,267 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Bonanza Creek Energy by 121.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 79,681 shares of the oil and gas producer’s stock valued at $2,629,000 after purchasing an additional 43,656 shares during the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.
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Bonanza Creek Energy Company Profile
Bonanza Creek Energy, Inc engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the United States. The company's oil and liquids-weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas.
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