Bonanza Creek Energy (NYSE:BCEI) released its quarterly earnings data on Sunday. The oil and gas producer reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.13, MarketWatch Earnings reports. Bonanza Creek Energy had a return on equity of 4.09% and a net margin of 17.03%.
Shares of BCEI stock traded up $2.66 during trading hours on Tuesday, reaching $36.44. The company’s stock had a trading volume of 799,397 shares, compared to its average volume of 370,736. The firm’s 50 day simple moving average is $33.57 and its 200-day simple moving average is $26.18. The company has a market capitalization of $759.37 million, a price-to-earnings ratio of 18.69 and a beta of 1.99. Bonanza Creek Energy has a fifty-two week low of $14.02 and a fifty-two week high of $40.79. The company has a quick ratio of 1.14, a current ratio of 1.26 and a debt-to-equity ratio of 0.02.
Several research firms have issued reports on BCEI. Zacks Investment Research downgraded Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday. KeyCorp raised their price target on Bonanza Creek Energy from $40.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 13th. Truist Securities raised Bonanza Creek Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $40.00 in a research note on Tuesday, April 27th. Finally, Truist raised Bonanza Creek Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $40.00 in a research note on Wednesday, April 21st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.44.
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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