KeyCorp Equities Analysts Cut Earnings Estimates for Bonanza Creek Energy, Inc. (BCEI)

Bonanza Creek Energy, Inc. (NYSE:BCEI) – Investment analysts at KeyCorp decreased their Q1 2019 earnings per share (EPS) estimates for Bonanza Creek Energy in a report issued on Sunday. KeyCorp analyst D. Deckelbaum now anticipates that the oil and gas producer will earn $0.61 per share for the quarter, down from their prior forecast of $0.62. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Bonanza Creek Energy’s Q2 2019 earnings at $0.65 EPS, Q3 2019 earnings at $0.73 EPS, Q4 2019 earnings at $0.73 EPS and FY2019 earnings at $2.72 EPS.

A number of other equities analysts have also recently commented on BCEI. Zacks Investment Research cut Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 9th. BidaskClub upgraded Bonanza Creek Energy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 18th. ValuEngine upgraded Bonanza Creek Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, BMO Capital Markets set a $25.00 price target on Bonanza Creek Energy and gave the company a “hold” rating in a research report on Tuesday, October 10th. Six investment analysts have rated the stock with a hold rating, Bonanza Creek Energy has an average rating of “Hold” and a consensus target price of $28.50.

Shares of Bonanza Creek Energy (BCEI) traded up $0.08 during trading on Tuesday, reaching $28.20. The company had a trading volume of 144,695 shares, compared to its average volume of 268,493. Bonanza Creek Energy has a 12 month low of $23.33 and a 12 month high of $40.60. The stock has a market cap of $570.04, a PE ratio of -0.18 and a beta of 2.01.

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

In other Bonanza Creek Energy news, major shareholder Whitebox Advisors Llc sold 300,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was 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 owned by company insiders.

A number of hedge funds have recently bought and sold shares of BCEI. Legal & General Group Plc acquired a new stake in shares of Bonanza Creek Energy during the 2nd quarter worth about $156,000. Westwood Holdings Group Inc. acquired a new stake in shares of Bonanza Creek Energy during the 2nd quarter worth about $181,000. Voya Investment Management LLC acquired a new stake in shares of Bonanza Creek Energy during the 2nd quarter worth about $304,000. Nationwide Fund Advisors acquired a new stake in shares of Bonanza Creek Energy during the 2nd quarter worth about $366,000. Finally, Scoggin Management LP acquired a new stake in shares of Bonanza Creek Energy during the 3rd quarter worth about $412,000. 91.25% of the stock is currently owned by institutional investors.

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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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