Bonanza Creek Energy (BCEI) Scheduled to Post Earnings on Wednesday

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Bonanza Creek Energy (NYSE:BCEI) is scheduled to be releasing its earnings data after the market closes on Wednesday, August 7th. Analysts expect Bonanza Creek Energy to post earnings of $1.41 per share for the quarter.

Bonanza Creek Energy (NYSE:BCEI) last released its earnings results on Wednesday, May 8th. The oil and gas producer reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($1.79). Bonanza Creek Energy had a return on equity of 20.92% and a net margin of 51.69%. The company had revenue of $72.59 million during the quarter, compared to analysts’ expectations of $71.19 million. On average, analysts expect Bonanza Creek Energy to post $5 EPS for the current fiscal year and $8 EPS for the next fiscal year.

BCEI stock opened at $20.52 on Tuesday. Bonanza Creek Energy has a 12-month low of $17.64 and a 12-month high of $40.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.19 and a quick ratio of 1.17. The business has a 50 day moving average of $20.65.

A number of research firms have issued reports on BCEI. Capital One Financial upgraded shares of Bonanza Creek Energy from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Imperial Capital reiterated an “outperform” rating and issued a $30.00 target price (up previously from $28.00) on shares of Bonanza Creek Energy in a research report on Wednesday, July 24th. Finally, Zacks Investment Research downgraded shares of Bonanza Creek Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $33.00.

Bonanza Creek Energy Company Profile

Bonanza Creek Energy, Inc, an exploration and production company, focuses on the extraction of onshore oil and related liquids-rich natural gas in the United States. The company's primary oil and liquids-weighted assets are located in the Wattenberg Field in Colorado. As of December 31, 2018, it had proved reserves of 116.8 million barrel of oil equivalent.

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Earnings History for Bonanza Creek Energy (NYSE:BCEI)

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