Wall Street brokerages predict that Bonanza Creek Energy (NYSE:BCEI) will announce earnings of $0.74 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bonanza Creek Energy’s earnings, with estimates ranging from $0.62 to $0.91. Bonanza Creek Energy posted earnings of $0.27 per share in the same quarter last year, which would suggest a positive year over year growth rate of 174.1%. The business is scheduled to issue its next quarterly earnings report on Tuesday, August 14th.
On average, analysts expect that Bonanza Creek Energy will report full-year earnings of $3.71 per share for the current financial year, with EPS estimates ranging from $3.40 to $4.19. For the next financial year, analysts anticipate that the business will post earnings of $7.41 per share, with EPS estimates ranging from $5.29 to $9.68. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Bonanza Creek Energy.
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Bonanza Creek Energy (NYSE:BCEI) last released its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.43. The company had revenue of $64.19 million for the quarter, compared to the consensus estimate of $59.30 million. Bonanza Creek Energy had a return on equity of 7.13% and a net margin of 51.92%.
A number of equities analysts have recently commented on BCEI shares. Zacks Investment Research downgraded Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 13th. BMO Capital Markets reiterated a “hold” rating and issued a $27.00 target price on shares of Bonanza Creek Energy in a research note on Wednesday, April 11th. Imperial Capital started coverage on Bonanza Creek Energy in a research note on Thursday, April 26th. They issued an “outperform” rating and a $37.00 target price for the company. Finally, ValuEngine lowered Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Bonanza Creek Energy currently has an average rating of “Hold” and an average target price of $37.67.
Several hedge funds have recently bought and sold shares of BCEI. Cubist Systematic Strategies LLC acquired a new stake in shares of Bonanza Creek Energy in the first quarter valued at about $230,000. AXA acquired a new stake in shares of Bonanza Creek Energy in the fourth quarter valued at about $281,000. MetLife Investment Advisors LLC acquired a new stake in shares of Bonanza Creek Energy in the fourth quarter valued at about $287,000. Jane Street Group LLC acquired a new stake in shares of Bonanza Creek Energy in the fourth quarter valued at about $294,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Bonanza Creek Energy in the fourth quarter valued at about $305,000. Institutional investors and hedge funds own 98.20% of the company’s stock.
Shares of Bonanza Creek Energy stock traded up $0.19 during trading hours on Friday, reaching $36.14. The stock had a trading volume of 734,980 shares, compared to its average volume of 259,086. The company has a market cap of $682.13 million, a price-to-earnings ratio of 13.81 and a beta of 1.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.57 and a quick ratio of 0.55. Bonanza Creek Energy has a 1 year low of $23.33 and a 1 year high of $39.56.
About Bonanza Creek Energy
Bonanza Creek Energy, Inc engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the United States. The company's oil and liquids-weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas.
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