Bonanza Creek Energy, Inc. (NYSE:BCEI) – Capital One Financial lifted their Q4 2017 earnings per share estimates for Bonanza Creek Energy in a note issued to investors on Tuesday. Capital One Financial analyst P. Johnston now anticipates that the oil and gas producer will post earnings per share of $0.29 for the quarter, up from their prior estimate of $0.25. Capital One Financial also issued estimates for Bonanza Creek Energy’s Q1 2018 earnings at $0.54 EPS.
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, topping analysts’ consensus estimates of ($0.01) by $0.68. The business had revenue of $45.23 million during the quarter, compared to analysts’ expectations of $45.63 million. Bonanza Creek Energy had a negative net margin of 33.79% and a negative return on equity of 3.17%.
Shares of Bonanza Creek Energy (NYSE BCEI) opened at $26.55 on Wednesday. Bonanza Creek Energy has a one year low of $23.33 and a one year high of $40.60.
In other Bonanza Creek Energy news, major shareholder Whitebox Advisors Llc sold 500,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $32.01, for a total value of $16,005,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.57% of the company’s stock.
A number of large investors have recently bought and sold shares of BCEI. Kassirer Asset Management Corp purchased a new stake in shares of Bonanza Creek Energy in the 4th quarter valued at approximately $750,000. SG Americas Securities LLC purchased a new stake in shares of Bonanza Creek Energy in the 4th quarter valued at approximately $1,135,000. Schwab Charles Investment Management Inc. raised its stake in shares of Bonanza Creek Energy by 28.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 102,638 shares of the oil and gas producer’s stock valued at $2,832,000 after acquiring an additional 22,957 shares during the period. Scoggin Management LP purchased a new stake in shares of Bonanza Creek Energy in the 3rd quarter valued at approximately $412,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Bonanza Creek Energy in the 3rd quarter valued at approximately $553,000. Institutional investors own 91.57% of the company’s stock.
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About Bonanza Creek Energy
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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