Wall Street analysts expect that Bonanza Creek Energy Inc (NYSE:BCEI) will announce earnings of $0.97 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bonanza Creek Energy’s earnings. The highest EPS estimate is $1.14 and the lowest is $0.62. Bonanza Creek Energy posted earnings of $0.27 per share in the same quarter last year, which suggests a positive year over year growth rate of 259.3%. The business is scheduled to announce its next earnings report on Tuesday, August 14th.
According to Zacks, analysts expect that Bonanza Creek Energy will report full-year earnings of $4.52 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $5.16. For the next fiscal year, analysts anticipate that the firm will report earnings of $7.94 per share, with EPS estimates ranging from $5.29 to $9.76. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Bonanza Creek Energy.
Bonanza Creek Energy (NYSE:BCEI) last issued its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.43. The business had revenue of $64.19 million during the quarter, compared to the consensus estimate of $59.30 million. Bonanza Creek Energy had a net margin of 51.92% and a return on equity of 7.13%.
BCEI has been the subject of several research reports. Zacks Investment Research raised shares of Bonanza Creek Energy from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a research note on Monday, May 14th. BMO Capital Markets reissued a “hold” rating and issued a $27.00 price objective on shares of Bonanza Creek Energy in a research note on Wednesday, April 11th. ValuEngine downgraded shares of Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Finally, Imperial Capital initiated coverage on shares of Bonanza Creek Energy in a research note on Thursday, April 26th. They set an “outperform” rating and a $37.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $37.67.
Several hedge funds have recently added to or reduced their stakes in BCEI. Schwab Charles Investment Management Inc. increased its position in shares of Bonanza Creek Energy by 28.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 102,638 shares of the oil and gas producer’s stock worth $2,832,000 after buying an additional 22,957 shares during the period. Swiss National Bank acquired a new stake in shares of Bonanza Creek Energy during the fourth quarter worth $817,000. Bank of New York Mellon Corp increased its position in shares of Bonanza Creek Energy by 8.1% during the fourth quarter. Bank of New York Mellon Corp now owns 93,321 shares of the oil and gas producer’s stock worth $2,574,000 after buying an additional 6,968 shares during the period. BlackRock Inc. increased its position in shares of Bonanza Creek Energy by 33.2% during the fourth quarter. BlackRock Inc. now owns 1,422,756 shares of the oil and gas producer’s stock worth $39,254,000 after buying an additional 354,959 shares during the period. Finally, Spark Investment Management LLC acquired a new stake in shares of Bonanza Creek Energy during the fourth quarter worth $389,000.
Bonanza Creek Energy traded up $0.06, hitting $37.39, on Monday, Marketbeat.com reports. The company had a trading volume of 2,872 shares, compared to its average volume of 400,967. The company has a market cap of $765.14 million, a price-to-earnings ratio of 15.49 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.57 and a quick ratio of 0.55. Bonanza Creek Energy has a 52 week low of $23.33 and a 52 week high of $39.00.
Bonanza Creek Energy Company Profile
Bonanza Creek Energy, Inc engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the United States. The company's oil and liquids-weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas.
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