Bonanza Creek Energy Price Target Raised to $58.00 at SunTrust (BCEI)
Research analysts at SunTrust raised their price target on shares of Bonanza Creek Energy (NASDAQ:BCEI) from $50.00 to $58.00 in a report released on Wednesday, ARN reports. The firm currently has a “buy” rating on the stock. SunTrust’s target price suggests a potential upside of 20.11% from the company’s current price.
Shares of Bonanza Creek Energy (NASDAQ:BCEI) traded down 2.05% during mid-day trading on Wednesday, hitting $48.29. 342,146 shares of the company’s stock traded hands. Bonanza Creek Energy has a 52-week low of $20.83 and a 52-week high of $51.32. The stock has a 50-day moving average of $43.17 and a 200-day moving average of $39.00. The company has a market cap of $1.945 billion and a P/E ratio of 46.64.
Bonanza Creek Energy (NASDAQ:BCEI) last posted its quarterly earnings results 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. Bonanza Creek Energy’s revenue was up 64.1% compared to the same quarter last year. Analysts expect that Bonanza Creek Energy will post $1.73 EPS for the current fiscal year.
BCEI has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Bonanza Creek Energy (NASDAQ:BCEI) in a research note to investors on Tuesday, September 24th. They set a “buy” rating on the stock. Separately, analysts at Raymond James reiterated a “buy” rating on shares of Bonanza Creek Energy (NASDAQ:BCEI) in a research note to investors on Monday, September 23rd. They now have a $48.00 price target on the stock. Finally, 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, September 23rd. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $46.44.
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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