Raymond James Reiterates “Buy” Rating for Bonanza Creek Energy (BCEI)
Bonanza Creek Energy (NASDAQ:BCEI)‘s stock had its “buy” rating restated by analysts at Raymond James in a research report issued to clients and investors on Monday, AnalystRatingsNetwork reports. They currently have a $48.00 target price on the stock. Raymond James’ target price would indicate a potential downside of 2.06% from the stock’s previous close.
Shares of Bonanza Creek Energy (NASDAQ:BCEI) opened at 49.01 on Monday. Bonanza Creek Energy has a 1-year low of $20.83 and a 1-year high of $49.01. The stock’s 50-day moving average is $41.38 and its 200-day moving average is $38.41. The company has a market cap of $1.974 billion and a P/E ratio of 46.37.
Bonanza Creek Energy (NASDAQ:BCEI) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ 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. Bonanza Creek Energy’s revenue was up 64.1% compared to the same quarter last year. On average, analysts predict that Bonanza Creek Energy will post $1.74 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on BCEI. Analysts at Wells Fargo & Co. raised their price target on shares of Bonanza Creek Energy (NASDAQ:BCEI) to $55.00 in a research note to investors on Monday. Separately, analysts at Northland Capital Partners raised their price target on shares of Bonanza Creek Energy (NASDAQ:BCEI) from $44.00 to $55.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Bonanza Creek Energy (NASDAQ:BCEI) from $38.00 to $45.00 in a research note to investors on Tuesday, September 10th. They now have a “hold” rating on the stock.
Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $45.81.
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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