Bonanza Creek Energy Inc (BCEI) was Downgraded by Macquarie to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Macquarie advised their investors in a research report released on May 9, 2016.
Many Wall Street Analysts have commented on Bonanza Creek Energy Inc. Company shares were Reiterated by Topeka Capital Markets on May 6, 2016 to “Hold”, Firm has raised the Price Target to $ 3 from a previous price target of $2 .Bonanza Creek Energy Inc was Downgraded by Credit Suisse to ” Neutral” on Mar 8, 2016. Bonanza Creek Energy Inc was Downgraded by Societe Generale to ” Hold” on Mar 3, 2016.
On the company’s financial health, Bonanza Creek Energy Inc reported $-0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.64. The company had revenue of $44.17 million for the quarter, compared to analysts expectations of $45.33 million. The company’s revenue was down -39.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.06 EPS.
Bonanza Creek Energy Inc (BCEI) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $3.46 and reached the intraday high at $3.76. The bulls started the profit booking and pushed the shares to intraday low of $3.26. The trading session was marked by a volume range of 68,46,519 shares exchanging hands. The 52-week high of the shares is $25.805 and the 52-week low is $0.88. The market cap of the company stands at $176 M and there are 4,97,41,134 shares in public circulation.
Bonanza Creek Energy Inc. is an energy company engaged in the acquisition exploration development and production of onshore oil and associated liquids-rich natural gas in the United States. Its oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado which the Company has designated the Rocky Mountain region and the Dorcheat Macedonia Field in Southern Arkansas which it has designated the Mid-Continent region. In addition the Company owns and operates oil-producing assets in the North Park Basin in Colorado and the McKamie Patton Field in Southern Arkansas. It operates approximately 98% of its proved reserves with an average working interest of approximately 86%.