Bonanza Creek Energy, Inc. (NYSE:BCEI) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.77 per share.
For the full year, analysts predict revenues of $ 217.75 million, while looking forward to income of $ 3.23 per share.
Previous Quarter Performance
Bonanza Creek Energy, Inc. communicated income for the second quarter of $ 0.61 per share, from the revenue of $ 36.19 million. According to street consensus, BCEI was expected to report 2Q20 income of $ 0.54 per share from revenue of $ 48.81 million. The bottom line results beat street analysts by $ 0.07 or 12.96 percent, at the same time, top line results fell short of analysts by $ 12.62 million or 25.86 percent.
Stock Performance
Shares of Bonanza Creek Energy, Inc. traded low $ -0.56 or -3.08 percent on Wednesday, reaching $ 17.61 with volume of 93.70 thousand shares. Bonanza Creek Energy, Inc. has traded high as $ 18.10 and has cracked $ 17.49 on the downward trend
The closing price of $ 17.61, representing a 120.24 % increase from the 52 week low of $ 8.25 and a 28.91 % decrease over the 52 week high of $ 25.56.
The company has a market capital of $ 366.89 million and is part of the Energy sector and Oil & Gas E&P industry.
Recent Analyst recommendations
- On 25th September 2020, initiated by Wells Fargo & Co at Overweight rating, with $ 33.00 target price.
Bonanza Creek Energy, Inc., an exploration and production company, focuses on the extraction of onshore oil and related liquids-rich natural gas in the United States. The companys primary oil and liquids-weighted assets are located in the Wattenberg Field in Colorado. As of December 31, 2018, it had proved reserves of 116.8 million barrel of oil equivalent.
