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Bonanza Creek Energy (NASDAQ:BCEI) has earned a consensus rating of “Buy” from the thirty-one brokerages that are presently covering the company, Stock Ratings Network reports. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $64.59.

Several analysts have recently commented on the stock. Analysts at Northland Securities raised their price target on shares of Bonanza Creek Energy from $62.00 to $71.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James cut their price target on shares of Bonanza Creek Energy from $75.00 to $70.00 in a research note on Friday, August 8th. Finally, analysts at Macquarie upgraded shares of Bonanza Creek Energy from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 5th. They now have a $70.00 price target on the stock.

Bonanza Creek Energy (NASDAQ:BCEI) traded up 1.57% during mid-day trading on Friday, hitting $56.13. The stock had a trading volume of 67,595 shares. Bonanza Creek Energy has a 52 week low of $37.00 and a 52 week high of $62.94. The stock has a 50-day moving average of $58.14 and a 200-day moving average of $50.73. The company has a market cap of $2.316 billion and a price-to-earnings ratio of 38.70.

Bonanza Creek Energy (NASDAQ:BCEI) last announced its earnings results on Friday, August 8th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.68 by $0.16. 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. On average, analysts predict that Bonanza Creek Energy will post $2.30 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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