Revenue Update on Bonanza Creek Energy Inc(NYSE:BCEI)

Bonanza Creek Energy Inc(NYSE:BCEI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $54.53M. Analysts estimated a revenue of $54.36M. Earnings per share were $-0.40. Analysts had estimated an EPS of $-0.28.

In a different note, On Jul 27, 2016, SunTrust Robinson Humphrey said it Downgrades its rating on Bonanza Creek Energy Inc. The shares have been rated ‘Reduce’ by the firm. On Jul 20, 2016, Deutsche Bank said it Maintains its rating on Bonanza Creek Energy Inc. In the research note, the firm Lowers the price-target to $3.50 per share. The shares have been rated ‘Hold’ by the firm. On Jun 14, 2016, Deutsche Bank said it Maintains its rating on Bonanza Creek Energy Inc. In the research note, the firm Lowers the price-target to $4.00 per share. The shares have been rated ‘Hold’ by the firm. On May 25, 2016, Imperial Capital said it Downgrades its rating on Bonanza Creek Energy Inc. The shares have been rated ‘Underperform’ by the firm. On May 9, 2016, Macquarie said it Downgrades its rating on Bonanza Creek Energy Inc. The shares have been rated ‘Underperform’ by the firm.

Bonanza Creek Energy Inc (BCEI) made into the market gainers list on Mondays trading session with the shares advancing 8.46% or 0.0672 points. Due to strong positive momentum, the stock ended at $0.8613, which is also near the day’s high of $0.9401. The stock began the session at $0.8001 and the volume stood at 23,12,360 shares. The 52-week high of the shares is $9.54 and the 52 week low is $0.6. The company has a current market capitalization of $43 M and it has 4,97,23,220 shares in outstanding.

Bonanza Creek Energy Inc. is an energy company engaged in the acquisition exploration development and production of onshore oil and associated liquids-rich natural gas in the United States. Its oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado which the Company has designated the Rocky Mountain region and the Dorcheat Macedonia Field in Southern Arkansas which it has designated the Mid-Continent region. In addition the Company owns and operates oil-producing assets in the North Park Basin in Colorado and the McKamie Patton Field in Southern Arkansas. It operates approximately 98% of its proved reserves with an average working interest of approximately 86%.

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