Bonanza Creek Energy, Inc. (NYSE:BCEI) – Investment analysts at KeyCorp upped their Q1 2018 EPS estimates for Bonanza Creek Energy in a note issued to investors on Tuesday. KeyCorp analyst D. Deckelbaum now expects that the oil and gas producer will earn $0.52 per share for the quarter, up from their prior forecast of $0.32. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Bonanza Creek Energy’s Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.55 EPS and FY2018 earnings at $2.22 EPS.

Several other research firms have also recently commented on BCEI. BidaskClub cut Bonanza Creek Energy from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Tuesday, November 28th. Finally, BMO Capital Markets restated a “hold” rating and set a $25.00 price objective on shares of Bonanza Creek Energy in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $28.00.

Bonanza Creek Energy (NYSE BCEI) traded up $0.15 during trading on Friday, hitting $30.00. The stock had a trading volume of 125,400 shares, compared to its average volume of 259,321. 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 released its 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 company had revenue of $45.23 million during the quarter, compared to analysts’ expectations of $45.63 million. Bonanza Creek Energy had a negative return on equity of 3.17% and a negative net margin of 33.79%.

In related news, major shareholder Whitebox Advisors Llc sold 300,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $31.59, for a total transaction of $9,477,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.57% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in BCEI. Scoggin Management LP acquired a new stake in Bonanza Creek Energy in the third quarter worth $412,000. Cubist Systematic Strategies LLC acquired a new stake in Bonanza Creek Energy in the third quarter worth $553,000. Gen IV Investment Opportunities LLC increased its position in Bonanza Creek Energy by 4.1% in the third quarter. Gen IV Investment Opportunities LLC now owns 1,049,952 shares of the oil and gas producer’s stock worth $34,638,000 after buying an additional 41,593 shares during the period. Highbridge Capital Management LLC increased its position in Bonanza Creek Energy by 239.4% in the third quarter. Highbridge Capital Management LLC now owns 208,000 shares of the oil and gas producer’s stock worth $6,862,000 after buying an additional 146,724 shares during the period. Finally, Mangrove Partners increased its position in Bonanza Creek Energy by 35.9% in the third quarter. Mangrove Partners now owns 1,702,500 shares of the oil and gas producer’s stock worth $56,165,000 after buying an additional 450,000 shares during the period. Hedge funds and other institutional investors own 91.25% of the company’s stock.

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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.

Earnings History and Estimates for Bonanza Creek Energy (NYSE:BCEI)

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