Bonanza Creek Energy (BCEI) Earning Favorable Press Coverage, Study Finds

Media coverage about Bonanza Creek Energy (NYSE:BCEI) has trended positive on Friday, according to Alpha One Sentiment Analysis. The research firm, a service of Accern, scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bonanza Creek Energy earned a news sentiment score of 0.29 on Alpha One’s scale. Alpha One also gave news headlines about the oil and gas producer an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near future.

These are some of the media headlines that may have impacted AlphaOne Sentiment’s analysis:

Several analysts recently weighed in on BCEI shares. Zacks Investment Research upgraded Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a report on Tuesday, January 24th. BMO Capital Markets restated a “hold” rating and issued a $1.00 price objective on shares of Bonanza Creek Energy in a report on Wednesday, March 22nd. Finally, Capital One Financial Corp. restated an “equal weight” rating on shares of Bonanza Creek Energy in a report on Tuesday, May 2nd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $21.13.

Bonanza Creek Energy (NYSE:BCEI) traded up 3.81% during midday trading on Friday, reaching $39.25. The company’s stock had a trading volume of 46,150 shares. The stock’s 50 day moving average is $77.27 and its 200 day moving average is $149.48. Bonanza Creek Energy has a 12-month low of $30.89 and a 12-month high of $377.17. The stock’s market cap is $798.58 million.

Bonanza Creek Energy (NYSE:BCEI) last posted its earnings results on Wednesday, May 10th. The oil and gas producer reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by $0.02. Bonanza Creek Energy had a negative net margin of 343.94% and a negative return on equity of 55.38%. The business had revenue of $52.56 million during the quarter. Analysts anticipate that Bonanza Creek Energy will post ($81.46) earnings per share for the current year.

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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.

5 Day Chart for NYSE:BCEI

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