Q4 2017 Earnings Forecast for Bonanza Creek Energy, Inc. Issued By Capital One Financial (BCEI)

Bonanza Creek Energy, Inc. (NYSE:BCEI) – Equities researchers at Capital One Financial increased their Q4 2017 earnings estimates for Bonanza Creek Energy in a research report issued on Tuesday. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will earn $0.29 per share for the quarter, up from their previous estimate of $0.25. Capital One Financial also issued estimates for Bonanza Creek Energy’s Q1 2018 earnings at $0.54 EPS.

Bonanza Creek Energy (NYSE:BCEI) last posted its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.68. The company had revenue of $45.23 million for the quarter, compared to the consensus estimate of $45.63 million. Bonanza Creek Energy had a negative net margin of 33.79% and a negative return on equity of 3.17%.

BCEI has been the topic of a number of other research reports. BidaskClub raised shares of Bonanza Creek Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 18th. KeyCorp reaffirmed a “hold” rating on shares of Bonanza Creek Energy in a research note on Monday, November 13th. ValuEngine raised shares of Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research downgraded shares of Bonanza Creek Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Five analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Bonanza Creek Energy presently has a consensus rating of “Hold” and an average target price of $28.50.

Bonanza Creek Energy (NYSE BCEI) opened at $25.93 on Wednesday. The firm has a market cap of $543.86, a P/E ratio of -0.17 and a beta of 1.91. Bonanza Creek Energy has a one year low of $23.33 and a one year high of $40.60.

In other news, major shareholder Whitebox Advisors Llc sold 500,000 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $32.01, for a total value of $16,005,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.57% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new stake in shares of Bonanza Creek Energy in the second quarter worth $156,000. Westwood Holdings Group Inc. acquired a new stake in Bonanza Creek Energy during the 2nd quarter valued at $181,000. Voya Investment Management LLC acquired a new stake in Bonanza Creek Energy during the 2nd quarter valued at $304,000. Nationwide Fund Advisors acquired a new stake in Bonanza Creek Energy during the 2nd quarter valued at $366,000. Finally, Scoggin Management LP acquired a new stake in Bonanza Creek Energy during the 3rd quarter valued at $412,000. 91.57% of the stock is owned by institutional investors.

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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.

Earnings History and Estimates for Bonanza Creek Energy (NYSE:BCEI)

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