Share on StockTwits

SunTrust boosted their target price on shares of Bonanza Creek Energy (NASDAQ:BCEI) from $62.00 to $74.00 in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. SunTrust’s price target suggests a potential upside of 25.51% from the stock’s previous close.

A number of other firms have also recently commented on BCEI. Analysts at Macquarie downgraded shares of Bonanza Creek Energy from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $64.00 price target on the stock. Separately, analysts at Capital One Financial Corp. initiated coverage on shares of Bonanza Creek Energy in a research note on Thursday, June 26th. They set an “overweight” rating and a $77.00 price target on the stock. Finally, analysts at GMP Securities initiated coverage on shares of Bonanza Creek Energy in a research note on Tuesday, June 24th. They set a “buy” rating and a $74.00 price target on the stock. Eight analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $63.21.

In other Bonanza Creek Energy news, SVP Christopher Humber sold 4,500 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $57.25, for a total transaction of $257,625.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Bonanza Creek Energy (NASDAQ:BCEI) traded up 2.59% on Wednesday, hitting $58.96. The stock had a trading volume of 857,592 shares. Bonanza Creek Energy has a one year low of $37.00 and a one year high of $62.94. The stock’s 50-day moving average is $56.67 and its 200-day moving average is $48.10. The company has a market cap of $2.381 billion and a P/E ratio of 32.51.

Bonanza Creek Energy (NASDAQ:BCEI) last released its earnings data 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. Analysts expect that Bonanza Creek Energy will post $2.73 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.