Q4 2017 EPS Estimates for Bonanza Creek Energy, Inc. Increased by Capital One Financial (BCEI)

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%.

BCEI has been the subject of a number of other research reports. BidaskClub raised shares of Bonanza Creek Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 18th. KeyCorp reissued a “hold” rating on shares of Bonanza Creek Energy in a research note on Monday, November 13th. ValuEngine raised shares of Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Zacks Investment Research cut shares of Bonanza Creek Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, BMO Capital Markets set a $25.00 price target on shares of Bonanza Creek Energy and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $28.50.

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.

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

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