Bonanza Creek Energy, Inc. (NYSE:BCEI) – Equities researchers at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for shares of Bonanza Creek Energy in a research note issued to investors on Tuesday. KeyCorp analyst D. Deckelbaum anticipates that the oil and gas producer will earn $0.83 per share for the quarter. KeyCorp also issued estimates for Bonanza Creek Energy’s Q2 2018 earnings at $0.87 EPS, Q3 2018 earnings at $0.95 EPS, Q4 2018 earnings at $1.11 EPS, FY2018 earnings at $3.76 EPS, Q1 2019 earnings at $1.19 EPS, Q2 2019 earnings at $1.23 EPS, Q3 2019 earnings at $1.35 EPS and Q4 2019 earnings at $1.37 EPS.
A number of other equities research analysts have also issued reports on the company. Zacks Investment Research raised Bonanza Creek Energy from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, January 2nd. ValuEngine raised Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.50.
A number of large investors have recently bought and sold shares of the stock. Nationwide Fund Advisors raised its position in Bonanza Creek Energy by 36.2% during the third quarter. Nationwide Fund Advisors now owns 15,718 shares of the oil and gas producer’s stock valued at $519,000 after buying an additional 4,175 shares during the period. Alliancebernstein L.P. raised its position in Bonanza Creek Energy by 31.2% during the fourth quarter. Alliancebernstein L.P. now owns 26,380 shares of the oil and gas producer’s stock valued at $728,000 after buying an additional 6,280 shares during the period. Divisar Capital Management LLC raised its position in Bonanza Creek Energy by 2.4% during 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 buying an additional 6,950 shares during the period. Bank of New York Mellon Corp raised its position in Bonanza Creek Energy by 8.1% during 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 buying an additional 6,968 shares during the period. Finally, Q Global Advisors LLC raised its position in Bonanza Creek Energy by 6.7% during the third quarter. Q Global Advisors LLC now owns 130,533 shares of the oil and gas producer’s stock valued at $4,306,000 after buying an additional 8,142 shares during the period. 98.22% of the stock is currently owned by hedge funds and other institutional investors.
About Bonanza Creek Energy
Bonanza Creek Energy, Inc (Bonanza Creek) is an independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company’s oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado and the Dorcheat Macedonia Field in southern Arkansas.
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