Q1 2018 EPS Estimates for Bonanza Creek Energy, Inc. (BCEI) Increased by Analyst

Bonanza Creek Energy, Inc. (NYSE:BCEI) – Equities research analysts at KeyCorp upped their Q1 2018 earnings per share (EPS) estimates for Bonanza Creek Energy in a research note issued on Tuesday. KeyCorp analyst D. Deckelbaum now expects that the oil and gas producer will earn $0.52 per share for the quarter, up from their previous estimate of $0.32. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Bonanza Creek Energy’s Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.55 EPS and FY2018 earnings at $2.22 EPS.

A number of other brokerages have also recently issued reports on BCEI. BidaskClub cut shares of Bonanza Creek Energy from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Tuesday, November 28th. Finally, BMO Capital Markets reissued a “hold” rating and set a $25.00 price objective on shares of Bonanza Creek Energy in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $28.00.

Shares of Bonanza Creek Energy (NYSE BCEI) opened at $29.92 on Friday. Bonanza Creek Energy has a 1 year low of $23.33 and a 1 year high of $40.60.

Bonanza Creek Energy (NYSE:BCEI) last announced its earnings results on Wednesday, November 8th. The oil and gas producer reported $0.67 earnings per share (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%.

In other Bonanza Creek Energy news, major shareholder Whitebox Advisors Llc sold 300,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $31.59, for a total transaction of $9,477,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.57% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Legal & General Group Plc bought a new position in shares of Bonanza Creek Energy in the 2nd quarter valued at about $156,000. Westwood Holdings Group Inc. bought a new position in shares of Bonanza Creek Energy in the 2nd quarter valued at about $181,000. Strs Ohio bought a new position in shares of Bonanza Creek Energy in the 2nd quarter valued at about $199,000. Voya Investment Management LLC bought a new position in shares of Bonanza Creek Energy in the 2nd quarter valued at about $304,000. Finally, Nationwide Fund Advisors bought a new position in shares of Bonanza Creek Energy in the 2nd quarter valued at about $366,000. 91.25% of the stock is currently owned by hedge funds and other institutional investors.

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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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