Bonanza Creek Energy Upgraded to “Buy” by Mizuho (BCEI)
Bonanza Creek Energy (NASDAQ:BCEI) was upgraded by Mizuho from a “neutral” rating to a “buy” rating in a research note issued on Monday, TheFlyOnTheWall.com reports.
Bonanza Creek Energy (NASDAQ:BCEI) traded up 3.34% on Monday, hitting $43.04. The stock had a trading volume of 973,736 shares. Bonanza Creek Energy has a 52-week low of $29.65 and a 52-week high of $57.47. The stock has a 50-day moving average of $45.07 and a 200-day moving average of $44.12. The company has a market cap of $1.734 billion and a P/E ratio of 29.58.
Bonanza Creek Energy (NASDAQ:BCEI) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. The company had revenue of $125.97 million for the quarter, compared to the consensus estimate of $106.04 million. The company’s revenue for the quarter was up 116.0% on a year-over-year basis. Analysts expect that Bonanza Creek Energy will post $1.92 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Bonanza Creek Energy from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, December 11th. They now have a $49.20 price target on the stock. Separately, analysts at KLR Group upgraded shares of Bonanza Creek Energy from an “accumulate” rating to a “buy” rating in a research note to investors on Tuesday, December 10th. They now have a $62.00 price target on the stock. Finally, analysts at Brean Capital downgraded shares of Bonanza Creek Energy from a “buy” rating to a “hold” rating in a research note to investors on Friday, December 6th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $54.34.
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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