Bonanza Creek Energy PT Lowered to $61.00 (BCEI)
Credit Suisse dropped their price objective on shares of Bonanza Creek Energy (NASDAQ:BCEI) from $62.00 to $61.00 in a research note issued on Wednesday, American Banking News.com reports. Credit Suisse’s price objective would indicate a potential upside of 40.98% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at KLR Group raised their price target on shares of Bonanza Creek Energy from $3.00 to $63.00 in a research note on Monday. Separately, analysts at SunTrust cut their price target on shares of Bonanza Creek Energy from $63.00 to $52.00 in a research note on Monday. Finally, analysts at Morgan Stanley cut their price target on shares of Bonanza Creek Energy from $54.00 to $49.00 in a research note on Friday, May 9th. They now have an “equal weight” rating on the stock. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $55.37.
Bonanza Creek Energy (NASDAQ:BCEI) traded down 1.64% on Wednesday, hitting $42.56. 751,956 shares of the company’s stock traded hands. Bonanza Creek Energy has a one year low of $33.20 and a one year high of $57.47. The stock’s 50-day moving average is $46.25 and its 200-day moving average is $45.89. The company has a market cap of $1.686 billion and a price-to-earnings ratio of 24.47.
Bonanza Creek Energy (NASDAQ:BCEI) last released its earnings data on Thursday, May 8th. The company reported $0.46 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.53 by $0.07. The company had revenue of $127.40 million for the quarter, compared to the consensus estimate of $124.05 million. During the same quarter last year, the company posted $0.40 earnings per share. Bonanza Creek Energy’s revenue was up 62.7% compared to the same quarter last year. Analysts expect that Bonanza Creek Energy will post $2.74 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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