Bonanza Creek Energy (NYSE:BCEI) Hits New 1-Year High at $52.20

Bonanza Creek Energy, Inc. (NYSE:BCEI)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $52.20 and last traded at $50.92, with a volume of 29944 shares trading hands. The stock had previously closed at $50.09.

A number of research analysts have issued reports on BCEI shares. TheStreet upgraded shares of Bonanza Creek Energy from a “c+” rating to a “b-” rating in a report on Friday, October 8th. Wells Fargo & Company upped their target price on shares of Bonanza Creek Energy from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, October 8th. Zacks Investment Research upgraded shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Tuesday. Truist upped their target price on shares of Bonanza Creek Energy from $56.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 7th. Finally, KeyCorp upped their target price on shares of Bonanza Creek Energy from $52.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, June 17th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $60.40.

The firm has a market capitalization of $1.57 billion, a PE ratio of 23.00 and a beta of 2.14. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.56 and a current ratio of 0.62. The company’s fifty day moving average price is $42.23 and its two-hundred day moving average price is $41.27.

Bonanza Creek Energy (NYSE:BCEI) last announced its quarterly earnings data on Sunday, August 8th. The oil and gas producer reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.14). The company had revenue of $156.04 million for the quarter, compared to analysts’ expectations of $135.80 million. Bonanza Creek Energy had a return on equity of 3.45% and a net margin of 10.93%. On average, equities analysts expect that Bonanza Creek Energy, Inc. will post 5.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, September 14th. This represents a $1.40 annualized dividend and a dividend yield of 2.75%. Bonanza Creek Energy’s payout ratio is currently 28.28%.

In related news, Director Paul Keglevic sold 10,223 shares of the stock in a transaction that occurred on Wednesday, September 8th. The shares were sold at an average price of $42.78, for a total transaction of $437,339.94. Following the completion of the sale, the director now owns 11,471 shares of the company’s stock, valued at approximately $490,729.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Sandra Garbiso sold 4,871 shares of the stock in a transaction that occurred on Thursday, September 23rd. The shares were sold at an average price of $45.00, for a total transaction of $219,195.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,794 shares of company stock valued at $729,720. Corporate insiders own 1.41% of the company’s stock.

A number of large investors have recently modified their holdings of BCEI. O Shaughnessy Asset Management LLC acquired a new stake in Bonanza Creek Energy in the second quarter valued at approximately $26,000. Fieldpoint Private Securities LLC acquired a new stake in Bonanza Creek Energy in the second quarter valued at approximately $31,000. Captrust Financial Advisors grew its position in Bonanza Creek Energy by 3,217.5% in the first quarter. Captrust Financial Advisors now owns 1,327 shares of the oil and gas producer’s stock valued at $47,000 after acquiring an additional 1,287 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in Bonanza Creek Energy by 35.7% in the second quarter. Ameritas Investment Partners Inc. now owns 2,420 shares of the oil and gas producer’s stock valued at $114,000 after acquiring an additional 636 shares in the last quarter. Finally, Yaupon Capital Management LP acquired a new stake in Bonanza Creek Energy in the first quarter valued at approximately $122,000.

About Bonanza Creek Energy (NYSE:BCEI)

Bonanza Creek Energy, Inc engages in the extraction of oil and associated liquids-rich natural gas. It focuses on the Niobrara and Codell formations in the Denver-Julesburg Basin. The company was founded on December 2, 2010 and is headquartered in Denver, CO.

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