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.
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.
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.
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