Bonanza Creek Energy (NYSE:BCEI) posted its quarterly earnings results on Sunday. The oil and gas producer reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.13, MarketWatch Earnings reports. Bonanza Creek Energy had a return on equity of 4.09% and a net margin of 17.03%.
BCEI opened at $33.78 on Tuesday. The business has a 50 day moving average price of $33.57 and a 200 day moving average price of $26.18. Bonanza Creek Energy has a twelve month low of $14.02 and a twelve month high of $40.79. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.26. The firm has a market cap of $703.94 million, a P/E ratio of 17.32 and a beta of 1.99.
Several research analysts have issued reports on the company. Zacks Investment Research raised Bonanza Creek Energy from a “sell” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a report on Friday, April 23rd. Truist Securities upgraded Bonanza Creek Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $40.00 in a research report on Tuesday, April 27th. KeyCorp raised their price objective on Bonanza Creek Energy from $40.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 13th. Finally, Truist upgraded Bonanza Creek Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $40.00 in a research report on Wednesday, April 21st. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $32.44.
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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