Somewhat Favorable News Coverage Somewhat Unlikely to Impact Bonanza Creek Energy (BCEI) Stock Price

Media stories about Bonanza Creek Energy (NYSE:BCEI) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bonanza Creek Energy earned a news impact score of 0.16 on Accern’s scale. Accern also assigned headlines about the oil and gas producer an impact score of 45.9707963474347 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Shares of BCEI traded up $0.59 during trading hours on Thursday, hitting $28.29. The company had a trading volume of 74,123 shares, compared to its average volume of 261,682. The company has a market cap of $564.31, a P/E ratio of 20.59 and a beta of 1.65. Bonanza Creek Energy has a 52-week low of $23.33 and a 52-week high of $40.60.



Bonanza Creek Energy (NYSE:BCEI) last released its quarterly earnings data on Wednesday, March 14th. The oil and gas producer reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The firm had revenue of $50.19 million for the quarter, compared to the consensus estimate of $43.34 million. Bonanza Creek Energy had a positive return on equity of 5.49% and a negative net margin of 1.23%. analysts expect that Bonanza Creek Energy will post 3.36 earnings per share for the current year.

Several equities research analysts have issued reports on the company. BMO Capital Markets reaffirmed a “hold” rating and set a $27.00 price target on shares of Bonanza Creek Energy in a research note on Wednesday. Zacks Investment Research downgraded Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, ValuEngine upgraded Bonanza Creek Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Six equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $29.50.

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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.

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