In a report released today, Leo Mariani from KeyBanc maintained a Buy rating on Bonanza Creek (BCEI), with a price target of $27.00. The company’s shares closed last Wednesday at $23.43, close to its 52-week high of $25.80.
According to TipRanks.com, Mariani is a 2-star analyst with an average return of 1.4% and a 47.7% success rate. Mariani covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Whiting Petroleum Corporation, and Continental Resources.
Currently, the analyst consensus on Bonanza Creek is a Strong Buy with an average price target of $36.00.
See today’s analyst top recommended stocks >>
Based on Bonanza Creek’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $58.86 million and net profit of $3.25 million. In comparison, last year the company earned revenue of $75.18 million and had a net profit of $35.89 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Bonanza Creek Energy, Inc. engages in the acquisition, exploration, development, and production of onshore oil and associated liquids. It holds interest in Wattenberg Field, Niobrara and Codell formations, and in Southern Arkansas, focused on oily Cotton Valley sands. The company was founded on December 2, 2010 and is headquartered in Denver, CO.
