Bonanza Creek Energy (BCEI) Receiving Somewhat Positive Press Coverage, Study Shows
Media headlines about Bonanza Creek Energy (NYSE:BCEI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bonanza Creek Energy earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the oil and gas producer an impact score of 45.8873719941909 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Mesa Adaptive MA In Focus for Bonanza Creek Energy Inc (BCEI) – Evergreen Caller (evergreencaller.com)
- Denver energy company shed 25% of its employees this month (bizjournals.com)
- Investors Are Circling Bonanza Creek Energy Inc (BCEI), What Do the Numbers Tell Us? – Stock Press Daily (stockpressdaily.com)
- Bonanza Creek Energy, Inc. (NYSE:BCEI) Experiences Lighter than Usual Trading Volume – Modern Readers (modernreaders.com)
Several analysts have recently commented on the stock. ValuEngine downgraded shares of Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Capital One Financial Corporation restated an “equal weight” rating on shares of Bonanza Creek Energy in a research report on Tuesday, May 2nd. BidaskClub downgraded shares of Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. BMO Capital Markets restated a “hold” rating and set a $35.00 price objective on shares of Bonanza Creek Energy in a research report on Monday, May 15th. Finally, Zacks Investment Research upgraded shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Thursday, May 11th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Bonanza Creek Energy currently has a consensus rating of “Hold” and an average price target of $30.50.
Shares of Bonanza Creek Energy (BCEI) traded up 1.62% during mid-day trading on Friday, reaching $30.12. 179,224 shares of the company’s stock were exchanged. Bonanza Creek Energy has a 1-year low of $25.76 and a 1-year high of $377.17. The stock’s market capitalization is $615.32 million. The company’s 50 day moving average is $28.82 and its 200 day moving average is $96.08.
Bonanza Creek Energy (NYSE:BCEI) last released its quarterly earnings data on Wednesday, May 10th. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by $0.02. Bonanza Creek Energy had a negative return on equity of 24.22% and a negative net margin of 53.37%. The firm had revenue of $52.56 million for the quarter. Equities research analysts anticipate that Bonanza Creek Energy will post ($0.89) EPS for the current fiscal year.
Bonanza Creek Energy Company Profile
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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