Bonanza Creek Energy Given New $70.00 Price Target at Mizuho (BCEI)
Analysts at Mizuho upped their price objective on shares of Bonanza Creek Energy (NASDAQ:BCEI) from $61.00 to $70.00 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. Mizuho’s price objective would indicate a potential upside of 16.41% from the stock’s previous close.
A number of other firms have also recently commented on BCEI. Analysts at Howard Weil raised their price target on shares of Bonanza Creek Energy from $66.00 to $74.00 in a research note on Tuesday, June 10th. They now have a “sector outperform” rating on the stock. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $61.06.
Shares of Bonanza Creek Energy (NASDAQ:BCEI) opened at 60.13 on Thursday. Bonanza Creek Energy has a 1-year low of $33.20 and a 1-year high of $61.08. The stock has a 50-day moving average of $51.22 and a 200-day moving average of $46.67. The company has a market cap of $2.429 billion and a P/E ratio of 33.76.
Bonanza Creek Energy (NASDAQ:BCEI) last announced its earnings results on Thursday, May 8th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 62.7% on a year-over-year basis. On average, analysts predict that Bonanza Creek Energy will post $2.73 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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