Stock analysts at Imperial Capital began coverage on shares of Bonanza Creek Energy (NYSE:BCEI) in a research report issued on Thursday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $37.00 price target on the oil and gas producer’s stock. Imperial Capital’s price objective would suggest a potential upside of 27.06% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine upgraded shares of Bonanza Creek Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, BMO Capital Markets restated a “hold” rating and set a $27.00 target price on shares of Bonanza Creek Energy in a report on Wednesday, April 11th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.00.

Shares of BCEI stock opened at $29.12 on Thursday. The company has a market cap of $623.22, a price-to-earnings ratio of 22.74 and a beta of 1.65. Bonanza Creek Energy has a 52 week low of $23.33 and a 52 week high of $40.60.

Bonanza Creek Energy (NYSE:BCEI) last announced its earnings results on Wednesday, March 14th. The oil and gas producer reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. The firm had revenue of $50.19 million for the quarter, compared to the consensus estimate of $43.34 million. Bonanza Creek Energy had a negative net margin of 1.23% and a positive return on equity of 5.49%. equities analysts anticipate that Bonanza Creek Energy will post 3.37 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors raised its holdings in shares of Bonanza Creek Energy by 36.2% in the third quarter. Nationwide Fund Advisors now owns 15,718 shares of the oil and gas producer’s stock valued at $519,000 after purchasing an additional 4,175 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Bonanza Creek Energy by 31.2% in the fourth quarter. Alliancebernstein L.P. now owns 26,380 shares of the oil and gas producer’s stock valued at $728,000 after purchasing an additional 6,280 shares during the last quarter. Divisar Capital Management LLC raised its holdings in shares of Bonanza Creek Energy by 2.4% in the fourth quarter. Divisar Capital Management LLC now owns 300,451 shares of the oil and gas producer’s stock valued at $8,289,000 after purchasing an additional 6,950 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Bonanza Creek Energy by 8.1% in the fourth quarter. Bank of New York Mellon Corp now owns 93,321 shares of the oil and gas producer’s stock valued at $2,574,000 after purchasing an additional 6,968 shares during the last quarter. Finally, AXA acquired a new stake in shares of Bonanza Creek Energy in the fourth quarter valued at approximately $281,000. Institutional investors own 98.22% of the company’s stock.

About Bonanza Creek Energy

Bonanza Creek Energy, Inc engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the United States. The company's oil and liquids-weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas.

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