Bonanza Creek Energy Given New $48.00 Price Target at Topeka Capital Markets (BCEI)
Analysts at Topeka Capital Markets lifted their price target on shares of Bonanza Creek Energy (NASDAQ:BCEI) from $45.00 to $48.00 in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Topeka Capital Markets’ price objective indicates a potential upside of 1.31% from the company’s current price.
Shares of Bonanza Creek Energy (NASDAQ:BCEI) traded down 3.05% during mid-day trading on Tuesday, hitting $47.38. 326,469 shares of the company’s stock traded hands. Bonanza Creek Energy has a one year low of $20.83 and a one year high of $51.32. The stock’s 50-day moving average is $44.45 and its 200-day moving average is $39.28. The company has a market cap of $1.909 billion and a P/E ratio of 46.23.
Bonanza Creek Energy (NASDAQ:BCEI) last released its earnings data on Thursday, August 8th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the 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 revenue for the quarter was up 64.1% on a year-over-year basis. Analysts expect that Bonanza Creek Energy will post $1.73 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on BCEI. Analysts at SunTrust raised their price target on shares of Bonanza Creek Energy from $50.00 to $58.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Bonanza Creek Energy in a research note to investors on Tuesday, September 24th. They set a “buy” rating on the stock. Finally, analysts at Raymond James reiterated a “buy” rating on shares of Bonanza Creek Energy in a research note to investors on Monday, September 23rd. They now have a $48.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.63.
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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