Analysts expect Bonanza Creek Energy, Inc. (NYSE: CBIE) to post earnings per share (EPS) of $ 1.60 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have released estimates for Bonanza Creek Energy’s earnings, with the lowest EPS estimate at $ 1.13 and the highest estimate at $ 1.95. Bonanza Creek Energy reported earnings per share of $ 0.50 in the same quarter last year, suggesting a positive year-over-year growth rate of 220%. The company is expected to release its next earnings report on Thursday, November 4.

On average, analysts predict Bonanza Creek Energy will report annual earnings of $ 6.26 per share for the current year, with EPS estimates ranging from $ 6.08 to $ 6.44. For the next fiscal year, analysts predict the company will post earnings of $ 9.21 per share, with EPS estimates ranging from $ 7.72 to $ 10.58. Zacks Investment Research’s EPS averages are an average based on a survey of analysts who cover Bonanza Creek Energy.

Bonanza Creek Energy (NYSE: CBIE) last reported its quarterly results on Sunday, August 8. The oil and gas producer reported EPS of $ 1.19 for the quarter, missing the Thomson Reuters consensus estimate of $ 1.33 ($ 0.14). The company posted revenue of $ 156.04 million in the quarter, compared to analysts’ estimates of $ 135.80 million. Bonanza Creek Energy had a net margin of 10.93% and a return on equity of 3.45%.

A number of research firms have recently weighed on the CBIE. KeyCorp raised its target price on Bonanza Creek Energy from $ 52.00 to $ 54.00 and rated the stock “overweight” in a research report released Thursday, June 17. Truist raised its target price on Bonanza Creek Energy from $ 54.00 to $ 60.00 and gave the stock a “buy” rating in a research report on Friday, June 11. Wells Fargo & Company lowered its price target on Bonanza Creek Energy from $ 64.00 to $ 57.00 and set an “overweight” rating for the company in a research report released on Monday, August 23. Zacks Investment Research downgraded Bonanza Creek Energy from a “buy” rating to a “conservation” rating in a research report released on Tuesday, August 17. Finally, TheStreet downgraded Bonanza Creek Energy from a “b-” rating to a “c +” rating in a research report on Monday, July 19. One investment analyst rated the stock with a conservation rating and four gave the stock a buy rating. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $ 54.80.

In other Bonanza Creek Energy news, director Paul Keglevic sold 10,223 shares in a transaction dated Wednesday, September 8. The stock was sold for an average price of $ 42.78, for a total value of $ 437,339.94. Following the closing of the sale, the Director now directly owns 11,471 shares of the company, valued at $ 490,729.38. The sale was disclosed in a file with the Securities & Exchange Commission, accessible through this link. Additionally, CFO Brant Demuth sold 1,700 shares in a trade dated Wednesday, September 8. The stock was sold for an average price of $ 43.05, for a total value of $ 73,185.00. Following the closing of the sale, the CFO now owns 38,948 shares of the company, valued at $ 1,676,711.40. Disclosure of this sale can be found here. Company insiders own 1.41% of the company’s shares.

Hedge funds recently bought and sold shares in the company. Morgan Stanley increased its position in Bonanza Creek Energy by 11.9% in the second quarter. Morgan Stanley now owns 150,297 shares of the oil and gas producer valued at $ 7,074,000 after purchasing an additional 16,025 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Bonanza Creek Energy by 1.5% in the second quarter. Thrivent Financial for Lutherans now owns 22,837 shares of the oil and gas producer valued at $ 1,075,000 after purchasing 341 additional shares in the last quarter. Wells Fargo & Company MN increased its position in Bonanza Creek Energy by 16.3% in the second quarter. Wells Fargo & Company MN now owns 73,406 shares of the oil and gas producer valued at $ 3,454,000 after purchasing an additional 10,290 shares in the last quarter. Invesco Ltd. strengthened its position in Bonanza Creek Energy by 37.8% in the second quarter. Invesco Ltd. now owns 483,772 shares of the oil and gas producer valued at $ 22,772,000 after purchasing an additional 132,774 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY strengthened its position in Bonanza Creek Energy by 121,757.1% during the second quarter. Metropolitan Life Insurance Co NY now owns 8,530 shares of the oil and gas producer valued at $ 402,000 after purchasing an additional 8,523 shares in the last quarter.

Bonanza Creek Energy stock opened at $ 43.52 on Monday. The company has a market cap of $ 1.34 billion, a P / E ratio of 19.69 and a beta of 2.14. Bonanza Creek Energy has a 52 week low of $ 15.88 and a 52 week high of $ 50.98. The company has a leverage ratio of 0.14, a quick ratio of 0.56, and a current ratio of 0.62. The company’s fifty-day moving average is $ 39.22 and its two-hundred-day moving average is $ 39.60.

The company also recently unveiled a quarterly dividend, which will be paid on Thursday, September 30. Investors of record on Wednesday, September 15 will receive a dividend of $ 0.35. The ex-dividend date for this dividend is Tuesday, September 14. This represents a dividend of $ 1.40 on an annualized basis and a return of 3.22%. Bonanza Creek Energy’s dividend payout ratio is currently 28.28%.

About Bonanza Creek Energy

Bonanza Creek Energy, Inc. engages in the extraction of petroleum and associated liquid-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.

See also: Growth and Income Fund

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