Bonanza Creek Energy (NYSE:BCEI) issued its quarterly earnings data on Sunday. The oil and gas producer reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13, MarketWatch Earnings reports. Bonanza Creek Energy had a net margin of 17.03% and a return on equity of 4.09%.
BCEI opened at $33.78 on Tuesday. 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 $703.94 million, a price-to-earnings ratio of 17.32 and a beta of 1.99. The firm has a 50 day simple moving average of $33.57 and a 200 day simple moving average of $26.18. Bonanza Creek Energy has a fifty-two week low of $14.02 and a fifty-two week high of $40.79.
A number of analysts recently weighed in on BCEI shares. KeyCorp raised their target price on shares of Bonanza Creek Energy from $40.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, April 13th. Zacks Investment Research upgraded shares of Bonanza Creek Energy from a “sell” rating to a “strong-buy” rating and set a $34.00 target price for the company in a report on Friday, April 23rd. Truist upgraded shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $30.00 to $40.00 in a report on Wednesday, April 21st. Finally, Truist Securities upgraded shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $30.00 to $40.00 in a report on Tuesday, April 27th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Bonanza Creek Energy presently has an average rating of “Buy” and a consensus 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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