Bonanza Creek Energy Sets New 12-Month High at $57.78 (BCEI)
Bonanza Creek Energy (NASDAQ:BCEI) reached a new 52-week high on Monday , AnalystRatingsNetwork.com reports. The stock traded as high as $57.78 and last traded at $57.34, with a volume of 291,813 shares traded. The stock had previously closed at $55.82.
A number of analysts have recently weighed in on BCEI shares. Analysts at Global Hunter Securities raised their price target on shares of Bonanza Creek Energy from $60.00 to $67.00 in a research note on Tuesday, June 3rd. Separately, analysts at Raymond James upgraded shares of Bonanza Creek Energy from a “market perform” rating to a “strong-buy” rating in a research note on Monday, June 2nd. They now have a $70.00 price target on the stock. Finally, analysts at KeyCorp upgraded shares of Bonanza Creek Energy to a “buy” rating in a research note on Tuesday, May 27th. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $60.01.
The stock’s 50-day moving average is $48.83 and its 200-day moving average is $45.93. The company has a market cap of $2.303 billion and a price-to-earnings ratio of 31.57.
Bonanza Creek Energy (NASDAQ:BCEI) last announced its 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. On average, analysts predict that Bonanza Creek Energy will post $2.71 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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