Bonanza Creek Energy Given Consensus Rating of “Buy” by Analysts (NASDAQ:BCEI)
Bonanza Creek Energy (NASDAQ:BCEI) has been given an average rating of “Buy” by the thirty-one ratings firms that are currently covering the stock, Analyst RN reports. Six equities research analysts have rated the stock with a hold recommendation and twenty have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $64.59.
Bonanza Creek Energy (NASDAQ:BCEI) opened at 58.19 on Friday. Bonanza Creek Energy has a 52 week low of $37.00 and a 52 week high of $62.94. The stock’s 50-day moving average is $58.16 and its 200-day moving average is $51.10. The company has a market cap of $2.401 billion and a price-to-earnings ratio of 39.92.
Bonanza Creek Energy (NASDAQ:BCEI) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the 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 $2.29 earnings per share for the current fiscal year.
BCEI has been the subject of a number of recent research reports. 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, August 11th. 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, 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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