Bonanza Creek Energy Inc. (NYSE:BCEI) price on Friday, October 08, rose 0.98% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $50.65.
A look at the stock’s price movement, the close in the last trading session was $50.16, moving within a range at $50.20 and $52.10. The beta value (5-Year monthly) was 2.15 while the PE ratio in trailing twelve months stood at 23.15. Turning to its 52-week performance, $51.62 and $15.88 were the 52-week high and 52-week low respectively. Overall, BCEI moved 15.64% over the past month.
Bonanza Creek Energy Inc.’s market cap currently stands at around $1.53 billion, with investors looking forward to this quarter’s earnings report slated for Nov 04, 2021 – Nov 08, 2021. The company has a Forward Dividend ratio of 1.40, with its dividend yield at 2.76%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $1.55, which has seen fiscal year 2021 EPS growth forecast to increase to $5.94 and about $9.05 for fiscal year 2022. Per the data, EPS growth is expected to be -2.60% for 2021 and 52.40% for the next financial year.
Analysts have a consensus estimate of $155.67 million for the company’s revenue for the quarter, with a low and high estimate of $141 million and $169.2 million respectively. The average forecast suggests up to a 147.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $947.33 million, representing a 334.40% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 1 upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that BCEI is a 100% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 5 recommend BCEI as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 1.54, with BCEI’s current price about 9.79% and 23.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 70.47, while 7-day volatility ratio is 4.88% and 4.19% in the 30-day chart. Further, Bonanza Creek Energy Inc. (BCEI) has a beta value of 1.97, and an average true range (ATR) of 2.07. Analysts have given the company’s stock an average 52-week price target of $63.17, forecast between a low of $50.00 and high of $79.00. Looking at the price targets, the low is 1.28% off current price level while to achieve the yearly target high, price needs to move -55.97%. Nonetheless, investors will most likely welcome a -25.37% jump to $63.50 which is the analysts’ median price.
In the market, a comparison of Bonanza Creek Energy Inc. (BCEI) and its peers suggest the former has performed considerably stronger. Data shows BCEI’s intraday price has changed 0.98% in last session and 145.28% over the past year. Comparatively, Continental Resources Inc. (CLR) has moved 4.11% on the day and only 283.56% in the past 12 months. Looking at another peer, we see that PDC Energy Inc. (PDCE) price has gained 2.04% on the day. However, the stock is 276.20% off its price a year ago. Moreover, Northern Oil and Gas Inc. (NOG) is also up 5.61% in trading on the day while keeping a an uptrend of 311.39% over the past year. If we look at the PE ratio, we find that Bonanza Creek Energy Inc.’s ratio stands at 23.15 compared to Continental Resources Inc.’s 51.72. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.19% and -0.03% respectively in the last trading.
If we refocus on Bonanza Creek Energy Inc. (NYSE:BCEI), historical trading data shows that trading volumes averaged 0.76 million over the past 10 days and 588.63K over the past 3 months. The company’s latest data on shares outstanding shows there are 30.66 million shares.
The 1.40% of Bonanza Creek Energy Inc.’s shares are in the hands of company insiders. Also important is the data on short interest which shows that short shares stood at 2.63 million on Aug 30, 2021, giving us a short ratio of 5.52. The data shows that as of Aug 30, 2021 short interest in Bonanza Creek Energy Inc. (BCEI) stood at 8.52% of shares outstanding, with shares short rising to 2.52 million registered in Jul 29, 2021. Current price change has pushed the stock 162.03% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BCEI stock continues to rise going into the next quarter.