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Bonanza Creek Energy (NASDAQ:BCEI) posted its quarterly earnings results on Friday. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.16, AnalystRatingsNetwork reports. The company had revenue of $151.68 million for the quarter, compared to the consensus estimate of $150.69 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 79.5% on a year-over-year basis.

Shares of Bonanza Creek Energy (NASDAQ:BCEI) opened at 57.17 on Friday. Bonanza Creek Energy has a one year low of $37.00 and a one year high of $62.94. The stock has a 50-day moving average of $58.62 and a 200-day moving average of $50.28. The company has a market cap of $2.309 billion and a P/E ratio of 33.00.

BCEI has been the subject of a number of recent research reports. Analysts at Macquarie upgraded shares of Bonanza Creek Energy from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $70.00 price target on the stock. On the ratings front, analysts at Zacks upgraded shares of Bonanza Creek Energy from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 22nd. They now have a $64.70 price target on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Bonanza Creek Energy from $68.00 to $70.00 in a research note on Monday, July 14th. They now have a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating, twenty 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 target price of $64.23.

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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