Bonanza Creek Energy Price Target Lowered to $51.00 at Imperial Capital (BCEI)
Imperial Capital cut their price target on shares of Bonanza Creek Energy (NASDAQ:BCEI) from $53.00 to $51.00 in a research note issued on Wednesday, American Banking News reports. The firm currently has an “in-line” rating on the stock. Imperial Capital’s target price indicates a potential upside of 12.83% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Mizuho upgraded shares of Bonanza Creek Energy from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Separately, 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. Finally, 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. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $54.23.
Shares of Bonanza Creek Energy (NASDAQ:BCEI) traded up 0.11% during mid-day trading on Wednesday, hitting $45.20. 816,116 shares of the company’s stock traded hands. Bonanza Creek Energy has a 52 week low of $29.67 and a 52 week high of $57.47. The stock’s 50-day moving average is $44.72 and its 200-day moving average is $44.3. The company has a market cap of $1.821 billion and a P/E ratio of 32.07.
Bonanza Creek Energy (NASDAQ:BCEI) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ 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.
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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