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 analysts have also commented on the stock. Capital One Financial upgraded shares of Cimarex Energy from an equal weight rating to an overweight rating in a report on Thursday, May 23rd. TheStreet upgraded shares of Tupperware Brands from a d+ rating to a c rating in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Bonanza Creek Energy presently has an average rating of Hold and an average price target of $34.25.
Shares of BCEI opened at $21.61 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 0.10. Bonanza Creek Energy has a one year low of $17.64 and a one year high of $40.38. The business has a 50-day moving average of $19.77. The stock has a market capitalization of $445.68 million, a price-to-earnings ratio of 4.55 and a beta of 1.53.
Bonanza Creek Energy (NYSE:BCEI) last issued its quarterly earnings data on Wednesday, May 8th. The oil and gas producer reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ 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. Analysts anticipate that Bonanza Creek Energy will post 4.96 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Oaktree Capital Management LP lifted its holdings in shares of Bonanza Creek Energy by 197.6% during the fourth quarter. Oaktree Capital Management LP now owns 1,700,156 shares of the oil and gas producer’s stock valued at $35,142,000 after purchasing an additional 1,128,948 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of 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 purchasing an additional 715 shares during the last quarter. Cooper Creek Partners Management LLC purchased a new position in shares of Bonanza Creek Energy during the first quarter valued at approximately $6,721,000. Dimensional Fund Advisors LP lifted its holdings in shares of Bonanza Creek Energy by 12.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,476,187 shares of the oil and gas producer’s stock valued at $30,513,000 after purchasing an additional 159,783 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Bonanza Creek Energy by 1.7% during the first quarter. LSV Asset Management now owns 129,500 shares of the oil and gas producer’s stock valued at $2,938,000 after purchasing an additional 2,200 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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