BCEI has been the subject of a number of other reports. BidaskClub lowered shares of Bonanza Creek Energy from a sell rating to a strong sell rating in a research report on Monday, July 24th. BMO Capital Markets restated a hold rating and issued a $25.00 price objective on shares of Bonanza Creek Energy in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of Bonanza Creek Energy from a hold rating to a sell rating in a research report on Monday, September 11th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company has an average rating of Hold and a consensus price target of $31.50.
Shares of Bonanza Creek Energy (NYSE BCEI) traded down $1.62 during trading hours on Monday, reaching $31.42. 166,500 shares of the company’s stock were exchanged, compared to its average volume of 197,895. Bonanza Creek Energy has a 12-month low of $23.33 and a 12-month high of $40.60.
Bonanza Creek Energy (NYSE:BCEI) last issued its earnings results on Wednesday, November 8th. The oil and gas producer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.68. The firm had revenue of $45.23 million during the quarter, compared to analyst estimates of $45.63 million. Bonanza Creek Energy had a negative net margin of 33.79% and a negative return on equity of 3.17%. sell-side analysts expect that Bonanza Creek Energy will post 0.19 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new stake in Bonanza Creek Energy in the second quarter valued at approximately $13,980,000. Eaton Vance Management purchased a new position in shares of Bonanza Creek Energy in the 2nd quarter worth about $12,564,000. TIAA CREF Investment Management LLC purchased a new position in shares of Bonanza Creek Energy in the 2nd quarter worth about $3,308,000. Bank of New York Mellon Corp raised its position in shares of Bonanza Creek Energy by 44.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 71,446 shares of the oil and gas producer’s stock worth $2,265,000 after purchasing an additional 21,823 shares during the last quarter. Finally, Nationwide Fund Advisors purchased a new position in shares of Bonanza Creek Energy in the 2nd quarter worth about $366,000. 91.29% of the stock is currently owned by institutional investors and hedge funds.
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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