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. “
Several other research firms also recently commented on BCEI. Imperial Capital reissued an outperform rating and issued a $35.00 target price (up previously from $33.00) on shares of Bonanza Creek Energy in a report on Friday, March 1st. Capital One Financial raised shares of Bonanza Creek Energy from an equal weight rating to an overweight rating in a research note on Thursday, May 23rd. Finally, TheStreet raised shares of Bonanza Creek Energy from a d rating to a c- rating in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $34.25.
BCEI stock opened at $19.89 on Monday. Bonanza Creek Energy has a one year low of $17.64 and a one year high of $40.38. The stock has a fifty day moving average of $20.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.19 and a quick ratio of 1.17. The stock has a market capitalization of $394.25 million, a P/E ratio of 4.00 and a beta of 1.54.
Bonanza Creek Energy (NYSE:BCEI) last released its earnings results on Wednesday, May 8th. The oil and gas producer reported ($0.34) EPS for the quarter, missing the consensus estimate of $1.45 by ($1.79). Bonanza Creek Energy had a return on equity of 20.92% and a net margin of 51.69%. The company had revenue of $72.59 million during the quarter, compared to analysts’ expectations of $71.19 million. As a group, equities analysts expect that Bonanza Creek Energy will post 4.96 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in BCEI. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Bonanza Creek Energy by 136.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,239 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 715 shares during the last quarter. Flinton Capital Management LLC increased its position in Bonanza Creek Energy by 69.8% during the fourth quarter. Flinton Capital Management LLC now owns 2,608 shares of the oil and gas producer’s stock valued at $54,000 after acquiring an additional 1,072 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Bonanza Creek Energy by 48,962.5% during the first quarter. BNP Paribas Arbitrage SA now owns 3,925 shares of the oil and gas producer’s stock valued at $89,000 after acquiring an additional 3,917 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new position in Bonanza Creek Energy during the fourth quarter valued at $147,000. Finally, Metropolitan Life Insurance Co. NY increased its position in Bonanza Creek Energy by 358.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,419 shares of the oil and gas producer’s stock valued at $153,000 after acquiring an additional 5,799 shares during the last quarter.
Bonanza Creek Energy Company Profile
Bonanza Creek Energy, Inc, an exploration and production company, focuses on the extraction of onshore oil and related liquids-rich natural gas in the United States. The company's primary oil and liquids-weighted assets are located in the Wattenberg Field in Colorado. As of December 31, 2018, it had proved reserves of 116.8 million barrel of oil equivalent.
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