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

Equities analysts expect Bonanza Creek Energy, Inc. (NYSE:BCEI) to announce earnings of $0.74 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Bonanza Creek Energy’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.89. Bonanza Creek Energy posted earnings of $1.02 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 27.5%. The business is expected to issue its next quarterly earnings results 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 year, with EPS estimates ranging from $4.25 to $5.14. For the next fiscal year, analysts forecast that the firm will post earnings of $5.35 per share, with EPS estimates ranging from $4.67 to $6.19. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Bonanza Creek Energy.

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

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

Shares of BCEI stock traded down $1.67 on Friday, hitting $33.25. 430,078 shares of the stock were exchanged, compared to its average volume of 367,188. The company has a current ratio of 1.26, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $692.90 million, a P/E ratio of 17.05 and a beta of 1.99. Bonanza Creek Energy has a fifty-two week low of $11.88 and a fifty-two week high of $40.79. The business has a 50-day moving average of $33.95 and a 200 day moving average of $24.64.

Hedge funds have recently bought and sold shares of the business. US Bancorp DE increased its position in shares of Bonanza Creek Energy by 58.4% during the 3rd quarter. US Bancorp DE now owns 1,649 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 608 shares during the last quarter. Strs Ohio acquired a new stake in shares of Bonanza Creek Energy in the 4th quarter valued at approximately $90,000. Pacer Advisors Inc. bought a new position in shares of Bonanza Creek Energy in the fourth quarter valued at $128,000. UBS Asset Management Americas Inc. acquired a new position in Bonanza Creek Energy during the third quarter worth $197,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Bonanza Creek Energy during the third quarter worth $199,000.

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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