Bonanza Creek Energy (BCEI) Upgraded to “Sell” by ValuEngine

Bonanza Creek Energy (NYSE:BCEI) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Monday.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets reissued a “hold” rating and set a $27.00 target price on shares of Bonanza Creek Energy in a report on Wednesday, April 11th. Zacks Investment Research cut shares of Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Imperial Capital raised their target price on shares of Bonanza Creek Energy from $37.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, May 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $37.67.

Shares of NYSE:BCEI traded up $0.98 on Monday, hitting $32.80. 613,494 shares of the company were exchanged, compared to its average volume of 267,744. Bonanza Creek Energy has a 1-year low of $23.33 and a 1-year high of $37.50. The company has a current ratio of 0.57, a quick ratio of 0.55 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $652.21 million, a P/E ratio of 13.20 and a beta of 1.68.

Bonanza Creek Energy (NYSE:BCEI) last issued its earnings results on Tuesday, May 8th. The oil and gas producer reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.43. Bonanza Creek Energy had a net margin of 51.92% and a return on equity of 7.13%. The firm had revenue of $64.19 million during the quarter, compared to analysts’ expectations of $59.30 million. equities analysts forecast that Bonanza Creek Energy will post 4.47 EPS for the current year.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in shares of Bonanza Creek Energy by 0.3% during the first quarter. BlackRock Inc. now owns 1,427,279 shares of the oil and gas producer’s stock worth $39,549,000 after purchasing an additional 4,523 shares during the last quarter. Northern Trust Corp increased its holdings in Bonanza Creek Energy by 2.4% in the first quarter. Northern Trust Corp now owns 223,826 shares of the oil and gas producer’s stock valued at $6,202,000 after buying an additional 5,166 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Bonanza Creek Energy by 31.2% in the fourth quarter. Alliancebernstein L.P. now owns 26,380 shares of the oil and gas producer’s stock valued at $728,000 after buying an additional 6,280 shares in the last quarter. Divisar Capital Management LLC increased its holdings in Bonanza Creek Energy by 2.4% in the fourth quarter. Divisar Capital Management LLC now owns 300,451 shares of the oil and gas producer’s stock valued at $8,289,000 after buying an additional 6,950 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Bonanza Creek Energy by 8.1% in the fourth quarter. Bank of New York Mellon Corp now owns 93,321 shares of the oil and gas producer’s stock valued at $2,574,000 after buying an additional 6,968 shares in the last quarter.

Bonanza Creek Energy Company Profile

Bonanza Creek Energy, Inc engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the United States. The company's oil and liquids-weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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