Bonanza Creek Energy, Inc. (NYSE:BCEI) – KeyCorp raised their FY2017 earnings estimates for shares of Bonanza Creek Energy in a research report issued to clients and investors on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and gas producer will earn $0.41 per share for the year, up from their prior estimate of $0.39. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Bonanza Creek Energy’s Q4 2017 earnings at $0.40 EPS, Q4 2018 earnings at $0.61 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.75 EPS and FY2019 earnings at $2.76 EPS.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Tuesday, October 10th. BidaskClub upgraded shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Finally, BMO Capital Markets set a $25.00 price target on shares of Bonanza Creek Energy and gave the company a “hold” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $28.00.

Shares of Bonanza Creek Energy (NYSE:BCEI) opened at $29.85 on Thursday. Bonanza Creek Energy has a 12-month low of $23.33 and a 12-month high of $40.60.

Bonanza Creek Energy (NYSE:BCEI) last issued its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.68. The business had revenue of $45.23 million during the quarter, compared to the consensus estimate of $45.63 million. Bonanza Creek Energy had a negative net margin of 33.79% and a negative return on equity of 3.17%.

A number of institutional investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors increased its stake in Bonanza Creek Energy by 36.2% in the 3rd quarter. Nationwide Fund Advisors now owns 15,718 shares of the oil and gas producer’s stock valued at $519,000 after buying an additional 4,175 shares during the period. Legal & General Group Plc acquired a new position in Bonanza Creek Energy in the 2nd quarter valued at approximately $156,000. Westwood Holdings Group Inc. acquired a new position in Bonanza Creek Energy in the 2nd quarter valued at approximately $181,000. Strs Ohio acquired a new position in Bonanza Creek Energy in the 2nd quarter valued at approximately $199,000. Finally, Q Global Advisors LLC increased its stake in Bonanza Creek Energy by 6.7% in the 3rd quarter. Q Global Advisors LLC now owns 130,533 shares of the oil and gas producer’s stock valued at $4,306,000 after buying an additional 8,142 shares during the period. Hedge funds and other institutional investors own 91.25% of the company’s stock.

In other Bonanza Creek Energy news, major shareholder Whitebox Advisors Llc sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $31.59, for a total value of $9,477,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.57% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “FY2017 Earnings Estimate for Bonanza Creek Energy, Inc. Issued By KeyCorp (BCEI)” was published by American Banking News and is the property of of American Banking News. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/12/14/fy2017-earnings-estimate-for-bonanza-creek-energy-inc-issued-by-keycorp-bcei.html.

Bonanza Creek Energy Company Profile

Bonanza Creek Energy, Inc (Bonanza Creek) is an independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company’s oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado and the Dorcheat Macedonia Field in southern Arkansas.

Receive News & Ratings for Bonanza Creek Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bonanza Creek Energy and related companies with MarketBeat.com's FREE daily email newsletter.