Bonanza Creek Energy PT Raised to $61.00 at Mizuho (BCEI)
Analysts at Mizuho upped their price objective on shares of Bonanza Creek Energy (NASDAQ:BCEI) from $58.00 to $61.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. Mizuho’s price objective points to a potential upside of 17.04% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale upgraded shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating in a research note on Thursday. Separately, analysts at Ned Davis Research upgraded shares of Bonanza Creek Energy from a “sell” rating to a “neutral” rating in a research note on Monday. Finally, analysts at Credit Suisse cut their price target on shares of Bonanza Creek Energy from $62.00 to $61.00 in a research note on Wednesday, May 14th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.77.
Shares of Bonanza Creek Energy (NASDAQ:BCEI) opened at 52.12 on Friday. Bonanza Creek Energy has a one year low of $33.20 and a one year high of $57.47. The stock has a 50-day moving average of $46.2 and a 200-day moving average of $45.70. The company has a market cap of $2.105 billion and a price-to-earnings ratio of 25.94.
Bonanza Creek Energy (NASDAQ:BCEI) last posted its quarterly earnings results 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. On average, analysts predict that Bonanza Creek Energy will post $2.74 earnings per share 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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