Bonanza Creek Energy Now Covered by Capital One Financial Corp. (BCEI)
Equities researchers at Capital One Financial Corp. started coverage on shares of Bonanza Creek Energy (NASDAQ:BCEI) in a research report issued on Thursday. The firm set an “overweight” rating and a $77.00 price target on the stock. Capital One Financial Corp.’s price objective suggests a potential upside of 29.37% from the company’s current price.
A number of other firms have also recently commented on BCEI. Analysts at GMP Securities initiated coverage on shares of Bonanza Creek Energy in a research note on Tuesday. They set a “buy” rating and a $74.00 price target on the stock. Separately, analysts at Wunderlich raised their price target on shares of Bonanza Creek Energy from $65.00 to $72.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Mizuho raised their price target on shares of Bonanza Creek Energy from $61.00 to $70.00 in a research note on Thursday, June 19th. They now have a “buy” rating on the stock. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Bonanza Creek Energy has a consensus rating of “Buy” and a consensus target price of $62.68.
Shares of Bonanza Creek Energy (NASDAQ:BCEI) traded down 0.79% on Thursday, hitting $59.05. The stock had a trading volume of 153,213 shares. Bonanza Creek Energy has a 52 week low of $34.67 and a 52 week high of $62.94. The stock’s 50-day moving average is $53.01 and its 200-day moving average is $47.17. The company has a market cap of $2.385 billion and a price-to-earnings ratio of 33.67.
Bonanza Creek Energy (NASDAQ:BCEI) last announced its 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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