Bonanza Creek Energy PT Raised to $62.00 at Northland Securities (BCEI)
Northland Securities hoisted their price objective on shares of Bonanza Creek Energy (NASDAQ:BCEI) from $55.00 to $62.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. Northland Securities’ price objective indicates a potential upside of 18.96% from the stock’s previous close.
A number of other analysts have also recently weighed in on BCEI. Analysts at Mizuho raised their price target on shares of Bonanza Creek Energy from $58.00 to $61.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Societe Generale upgraded shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, 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. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $56.14.
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’s 50-day moving average is $46.2 and its 200-day moving average is $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 (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 62.7% on a year-over-year basis. 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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