Analysts Expect Bonanza Creek Energy, Inc. (NYSE:BCEI) to Post $1.60 EPS

Brokerages expect that Bonanza Creek Energy, Inc. (NYSE:BCEI) will announce earnings of $1.60 per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Bonanza Creek Energy’s earnings. The highest EPS estimate is $1.95 and the lowest is $1.13. Bonanza Creek Energy posted earnings of $0.50 per share during the same quarter last year, which would indicate a positive year over year growth rate of 220%. The company is scheduled to issue its next quarterly earnings report on Thursday, November 4th.

On average, analysts expect that Bonanza Creek Energy will report full year earnings of $6.26 per share for the current year, with EPS estimates ranging from $6.08 to $6.44. For the next year, analysts expect that the business will post earnings of $9.21 per share, with EPS estimates ranging from $7.72 to $10.58. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Bonanza Creek Energy.

Bonanza Creek Energy (NYSE:BCEI) last announced its earnings results on Sunday, August 8th. The oil and gas producer reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.14). The firm had revenue of $156.04 million during the quarter, compared to analysts’ expectations of $135.80 million. Bonanza Creek Energy had a return on equity of 3.45% and a net margin of 10.93%.

Several research analysts have issued reports on the company. Zacks Investment Research cut Bonanza Creek Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 17th. KeyCorp raised their target price on Bonanza Creek Energy from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, June 17th. TheStreet cut Bonanza Creek Energy from a “b-” rating to a “c+” rating in a research report on Monday, July 19th. Truist lifted their price objective on Bonanza Creek Energy from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, June 11th. Finally, Truist Securities lifted their price objective on Bonanza Creek Energy from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, June 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Bonanza Creek Energy has an average rating of “Buy” and an average price target of $54.80.

In other news, CFO Brant Demuth sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, September 8th. The stock was sold at an average price of $43.05, for a total transaction of $73,185.00. Following the sale, the chief financial officer now directly owns 38,948 shares of the company’s stock, valued at approximately $1,676,711.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sandra Garbiso sold 4,871 shares of the business’s stock in a transaction on Thursday, September 23rd. The stock was sold at an average price of $45.00, for a total transaction of $219,195.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,794 shares of company stock valued at $729,720. Insiders own 1.41% of the company’s stock.

Large investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC purchased a new position in shares of Bonanza Creek Energy in the 2nd quarter worth approximately $26,000. Fieldpoint Private Securities LLC bought a new stake in Bonanza Creek Energy in the second quarter worth $31,000. Captrust Financial Advisors boosted its stake in Bonanza Creek Energy by 3,217.5% during the first 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. Ameritas Investment Partners Inc. increased its position in Bonanza Creek Energy by 35.7% during the second quarter. Ameritas Investment Partners Inc. now owns 2,420 shares of the oil and gas producer’s stock valued at $114,000 after acquiring an additional 636 shares during the last quarter. Finally, Yaupon Capital Management LP purchased a new stake in shares of Bonanza Creek Energy in the first quarter valued at $122,000.

NYSE:BCEI traded up $1.50 on Monday, hitting $47.43. The stock had a trading volume of 841,906 shares, compared to its average volume of 471,222. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 20.78 and a beta of 2.14. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 0.14. The business’s 50-day simple moving average is $39.37 and its two-hundred day simple moving average is $39.91. Bonanza Creek Energy has a 52-week low of $15.88 and a 52-week high of $50.98.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $1.40 annualized dividend and a yield of 2.95%. Bonanza Creek Energy’s payout ratio is 28.28%.

Bonanza Creek Energy Company Profile

Bonanza Creek Energy, Inc engages in the extraction of oil and associated liquids-rich natural gas. It focuses on the Niobrara and Codell formations in the Denver-Julesburg Basin. The company was founded on December 2, 2010 and is headquartered in Denver, CO.

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Earnings History and Estimates for Bonanza Creek Energy (NYSE:BCEI)

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