Bonanza Creek Energy (NASDAQ:BCEI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday, Stock Ratings News reports. The firm currently has a $49.20 target price on the stock. Zacks‘ price target points to a potential upside of 11.79% from the stock’s previous close.
Bonanza Creek Energy (NASDAQ:BCEI) traded up 0.11% during mid-day trading on Wednesday, hitting $44.06. The stock had a trading volume of 454,109 shares. Bonanza Creek Energy has a 1-year low of $24.85 and a 1-year high of $57.47. The stock has a 50-day moving average of $48.87 and a 200-day moving average of $43.43. The company has a market cap of $1.775 billion and a P/E ratio of 31.26.
Bonanza Creek Energy (NASDAQ:BCEI) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. The company had revenue of $125.97 million for the quarter, compared to the consensus estimate of $106.04 million. Bonanza Creek Energy’s revenue was up 116.0% compared to the same quarter last year. Analysts expect that Bonanza Creek Energy will post $1.93 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on BCEI. Analysts at KLR Group upgraded shares of Bonanza Creek Energy from an “accumulate” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $62.00 price target on the stock. Separately, analysts at Mizuho initiated coverage on shares of Bonanza Creek Energy in a research note to investors on Monday. They set a “neutral” rating and a $48.00 price target on the stock. Finally, analysts at Brean Capital downgraded shares of Bonanza Creek Energy from a “buy” rating to a “hold” rating in a research note to investors on Friday, December 6th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Bonanza Creek Energy has an average rating of “Buy” and a consensus price target of $54.01.
Bonanza Creek Energy, Inc is an oil and natural gas company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States.
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