$1.51 Earnings Per Share Expected for Bonanza Creek Energy Inc (NYSE:BCEI) This Quarter

Analysts expect that Bonanza Creek Energy Inc (NYSE:BCEI) will announce earnings of $1.51 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Bonanza Creek Energy’s earnings. The lowest EPS estimate is $0.96 and the highest is $1.79. The company is expected to report its next quarterly earnings results on Wednesday, February 5th.

According to Zacks, analysts expect that Bonanza Creek Energy will report full-year earnings of $5.93 per share for the current year, with EPS estimates ranging from $5.56 to $6.38. For the next fiscal year, analysts anticipate that the company will post earnings of $5.62 per share, with EPS estimates ranging from $3.74 to $7.33. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Bonanza Creek Energy.

Bonanza Creek Energy (NYSE:BCEI) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $1.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.38. Bonanza Creek Energy had a net margin of 58.72% and a return on equity of 19.78%. The firm had revenue of $75.18 million for the quarter, compared to analyst estimates of $77.68 million.

A number of equities analysts recently weighed in on BCEI shares. ValuEngine raised shares of Bonanza Creek Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. SunTrust Banks set a $24.00 target price on Bonanza Creek Energy and gave the stock a “hold” rating in a research note on Friday, August 9th. KeyCorp assumed coverage on Bonanza Creek Energy in a report on Tuesday, September 3rd. They set an “overweight” rating and a $26.00 target price for the company. Finally, Zacks Investment Research downgraded Bonanza Creek Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $26.75.

In other Bonanza Creek Energy news, CFO Brant Demuth acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average price of $16.80 per share, with a total value of $50,400.00. Following the completion of the acquisition, the chief financial officer now directly owns 37,283 shares of the company’s stock, valued at approximately $626,354.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC purchased a new position in shares of Bonanza Creek Energy during the second quarter valued at approximately $27,000. Usca Ria LLC bought a new stake in shares of Bonanza Creek Energy in the 3rd quarter worth approximately $30,000. Meeder Asset Management Inc. bought a new position in shares of Bonanza Creek Energy in the third quarter valued at $32,000. Bank of Montreal Can acquired a new stake in shares of Bonanza Creek Energy during the second quarter worth $40,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Bonanza Creek Energy by 43.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,591 shares of the oil and gas producer’s stock valued at $133,000 after acquiring an additional 1,992 shares in the last quarter.

NYSE BCEI opened at $17.80 on Friday. The stock has a fifty day simple moving average of $18.55 and a 200-day simple moving average of $20.83. The company has a current ratio of 1.15, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. Bonanza Creek Energy has a twelve month low of $16.60 and a twelve month high of $27.47.

About Bonanza Creek Energy

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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