Bonanza Creek Energy PT Raised to $48.00 at Raymond James (BCEI)
Equities research analysts at Raymond James boosted their target price on shares of Bonanza Creek Energy (NASDAQ:BCEI) from $46.00 to $48.00 in a research note issued to investors on Tuesday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 6.71% 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. The stock had a trading volume of 756,157 shares. Bonanza Creek Energy has a 52 week low of $20.83 and a 52 week high of $42.99. The stock’s 50-day moving average is $39.94 and its 200-day moving average is $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 released its 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. Analysts expect that Bonanza Creek Energy will post $1.72 EPS for the current fiscal year.
BCEI has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Johnson Rice initiated coverage on shares of Bonanza Creek Energy (NASDAQ:BCEI) in a research note to investors on Tuesday, July 23rd. They set an “overweight” rating on the stock.
Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target 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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