Bonanza Creek Energy (NYSE:BCEI) announced its earnings results on Sunday. The oil and gas producer reported $0.88 earnings per share 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%.
Shares of BCEI stock traded up $2.66 on Tuesday, reaching $36.44. The company had a trading volume of 802,185 shares, compared to its average volume of 370,733. The stock has a market capitalization of $759.37 million, a PE ratio of 18.69 and a beta of 1.99. The company has a quick ratio of 1.14, a current ratio of 1.26 and a debt-to-equity ratio of 0.02. Bonanza Creek Energy has a one year low of $14.02 and a one year high of $40.79. The business’s 50-day moving average is $33.57 and its 200 day moving average is $26.18.
Several analysts have recently issued reports on BCEI shares. KeyCorp increased their target price on Bonanza Creek Energy from $40.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, April 13th. Truist raised shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $40.00 in a research report on Wednesday, April 21st. Zacks Investment Research cut shares of Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Truist Securities raised shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $40.00 in a research report on Tuesday, April 27th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price 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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