Bonanza Creek Energy (NYSE:BCEI) PT Raised to $46.00 at KeyCorp

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Bonanza Creek Energy (NYSE:BCEI) had its target price upped by KeyCorp from $40.00 to $46.00 in a research report report published on Tuesday, reports. They currently have an overweight rating on the oil and gas producer’s stock.

Separately, Zacks Investment Research lowered Bonanza Creek Energy from a buy rating to a sell rating in a report on Wednesday, March 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $28.38.

Shares of NYSE:BCEI opened at $32.32 on Tuesday. The firm’s 50 day moving average is $34.68 and its two-hundred day moving average is $25.15. The firm has a market capitalization of $673.52 million, a P/E ratio of 16.57 and a beta of 1.99. The company has a current ratio of 1.26, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. Bonanza Creek Energy has a 52 week low of $11.88 and a 52 week high of $40.79.

Bonanza Creek Energy (NYSE:BCEI) last issued its quarterly earnings data on Thursday, February 18th. The oil and gas producer reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $3.02. The business had revenue of $62.64 million during the quarter, compared to analyst estimates of $66.38 million. Bonanza Creek Energy had a return on equity of 4.09% and a net margin of 17.03%. Analysts predict that Bonanza Creek Energy will post -1.88 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio acquired a new position in shares of Bonanza Creek Energy in the fourth quarter worth about $90,000. Pacer Advisors Inc. purchased a new stake in shares of Bonanza Creek Energy in the 4th quarter valued at approximately $128,000. UBS Asset Management Americas Inc. acquired a new position in Bonanza Creek Energy in the 3rd quarter worth approximately $197,000. SG Americas Securities LLC acquired a new position in Bonanza Creek Energy in the 4th quarter worth approximately $201,000. Finally, Diametric Capital LP purchased a new position in Bonanza Creek Energy during the 4th quarter worth approximately $217,000.

Bonanza Creek Energy Company Profile

Bonanza Creek Energy, Inc, an oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and related liquids-rich natural gas in the United States. Its primary oil and liquids-weighted assets are located in the Wattenberg Field in Colorado. As of December 31, 2020, the company had proved reserves of 118.2 million barrel of oil equivalent.

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Analyst Recommendations for Bonanza Creek Energy (NYSE:BCEI)

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