Bonanza Creek Energy Given New $45.00 Price Target at Topeka Capital Markets (BCEI)
Analysts at Topeka Capital Markets upped their price target on shares of Bonanza Creek Energy (NASDAQ:BCEI) from $38.00 to $45.00 in a research report issued to clients and investors on Tuesday, AR Network reports. The firm currently has a “hold” rating on the stock. Topeka Capital Markets’ price objective indicates a potential upside of 0.04% from the stock’s previous close.
Shares of Bonanza Creek Energy (NASDAQ:BCEI) traded up 4.63% during mid-day trading on Tuesday, hitting $44.98. 756,157 shares of the company’s stock traded hands. Bonanza Creek Energy has a 1-year low of $20.83 and a 1-year high of $42.99. The stock has a 50-day moving average of $39.94 and a 200-day moving average of $37.64. The company has a market cap of $1.812 billion and a P/E ratio of 40.67.
Bonanza Creek Energy (NASDAQ:BCEI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.08. The company had revenue of $84.50 million for the quarter, compared to the consensus estimate of $87.46 million. The company’s quarterly revenue was up 64.1% on a year-over-year basis. On average, analysts predict that Bonanza Creek Energy will post $1.72 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Raymond James raised their price target on shares of Bonanza Creek Energy (NASDAQ:BCEI) from $46.00 to $48.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Bonanza Creek Energy (NASDAQ:BCEI) from $40.00 to $43.00 in a research note to investors on Friday. They now have an “in line” rating on the stock. Finally, analysts at SunTrust reiterated a “buy” rating on shares of Bonanza Creek Energy (NASDAQ:BCEI) in a research note to investors on Tuesday, July 23rd. They now have a $48.00 price target on the stock.
Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $44.47.
Bonanza Creek Energy, Inc is an oil and natural gas company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States.
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