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.
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.
COPYRIGHT VIOLATION NOTICE: “Q1 2018 EPS Estimates for Bonanza Creek Energy, Inc. (BCEI) Increased by Analyst” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.com-unik.info/2017/12/17/q1-2018-eps-estimates-for-bonanza-creek-energy-inc-bcei-increased-by-analyst.html.
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.
Receive News & Ratings for Bonanza Creek Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bonanza Creek Energy and related companies with MarketBeat.com's FREE daily email newsletter.