Bonanza Creek Energy, Inc. (NYSE:BCEI) Expected to Announce Earnings of $0.74 Per Share

Equities analysts forecast that Bonanza Creek Energy, Inc. (NYSE:BCEI) will report earnings per share (EPS) of $0.74 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Bonanza Creek Energy’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.48. Bonanza Creek Energy posted earnings of $1.02 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 27.5%. The firm is scheduled to announce its next earnings report on Thursday, May 6th.

According to Zacks, analysts expect that Bonanza Creek Energy will report full-year earnings of $4.80 per share for the current fiscal year, with EPS estimates ranging from $4.25 to $5.14. For the next year, analysts anticipate that the firm will post earnings of $5.33 per share, with EPS estimates ranging from $4.67 to $6.13. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Bonanza Creek Energy.

Bonanza Creek Energy (NYSE:BCEI) last announced its quarterly earnings results on Thursday, February 18th. The oil and gas producer reported $3.89 earnings per share for the quarter, beating the consensus estimate of $0.87 by $3.02. The company had revenue of $62.64 million during the quarter, compared to analysts’ expectations of $66.38 million. Bonanza Creek Energy had a return on equity of 4.09% and a net margin of 17.03%.

Several research analysts recently weighed in on BCEI shares. Zacks Investment Research cut Bonanza Creek Energy from a “buy” rating to a “sell” rating in a research report on Wednesday, March 17th. KeyCorp raised their price objective on Bonanza Creek Energy from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $27.63.

BCEI stock traded up $0.01 during trading on Friday, hitting $34.80. 7,957 shares of the company traded hands, compared to its average volume of 364,528. The stock’s 50-day simple moving average is $33.63 and its 200 day simple moving average is $24.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.26 and a quick ratio of 1.14. The company has a market cap of $725.20 million, a PE ratio of 17.84 and a beta of 1.99. Bonanza Creek Energy has a 1 year low of $11.88 and a 1 year high of $40.79.

Several large investors have recently modified their holdings of BCEI. Donald Smith & CO. Inc. boosted its stake in shares of Bonanza Creek Energy by 27.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,123,742 shares of the oil and gas producer’s stock worth $21,722,000 after acquiring an additional 243,796 shares during the last quarter. Sourcerock Group LLC acquired a new stake in shares of Bonanza Creek Energy in the fourth quarter worth approximately $3,750,000. JPMorgan Chase & Co. boosted its stake in shares of Bonanza Creek Energy by 181.6% in the third quarter. JPMorgan Chase & Co. now owns 209,276 shares of the oil and gas producer’s stock worth $4,096,000 after acquiring an additional 134,948 shares during the last quarter. SIR Capital Management L.P. acquired a new stake in shares of Bonanza Creek Energy in the third quarter worth approximately $2,296,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Bonanza Creek Energy in the fourth quarter worth approximately $2,322,000.

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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Earnings History and Estimates for Bonanza Creek Energy (NYSE:BCEI)

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