What The Financials Tell Us About Bonanza Creek Energy Inc. (BCEI)

Bonanza Creek Energy Inc. (NYSE:BCEI) finished Friday with an addition of $1.13 to close at $55.73, an upside of 2.07 percent. An average of 571,620 shares of common stock have been traded in the last five days. There was a gain of $2.16 in the past week, and it reached a new high 43 times over the past 12 months. The last 20 days have seen an average of 665,610 shares traded, while the 50-day average volume stands at 653,892.

BCEI stock has increased by 22.56% in the last month. The company shares reached their 1-month lowest point of $44.67 on 09/23/21. With the stock rallying to its 52-week high on 10/22/21, shares of the company touched a low of $15.88 and a high of $55.45 in 52 weeks. It has reached a new high 43 times so far this year and achieved 188.31% or $36.40 in price. In spite of this, the price is up 0.50% from the 52-week high.


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Insider Transactions

30 days have passed since Bonanza Creek Energy Inc. (BCEI) last reported insider trading activity. Garbiso Sandra, who is Vice President and CAO, most recently acquired $4,871 shares at $45.00 per share on Sep 23. In this transaction, the insider spent $219,195. Director, Keglevic Paul, disposed of 10,223 shares at a price of $42.78 on Sep 08. The insider now owns more than $437,344 worth of shares. Prior to that, EVP & Chief Financial Officer DeMuth Brant went on to Sale 1,700 shares at $43.05 each on Sep 08. An amount of $73,191 was transacted.

Valuation Metrics

Bonanza Creek Energy Inc. (BCEI) has a trailing price-to-earnings (P/E) ratio of 25.47, which compares with the 18.90 for the broader industry and 20.20 for the sector. In the last five years, Bonanza Creek Energy Inc.’s PE ratio has ranged between 43.11 and 1.522. The stock’s beta is 1.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.73, the price-to-book (PB) ratio at 1.23, and the price-to-cash flow ratio at 9.79.

Bonanza Creek Energy Inc. pays a $1.40 dividend per share annually. It offers a dividend yield of 2.51%. The company has a payout ratio of 15.70%. The company’s most recent quarterly dividend payment took place on Sep. 30, and it was $0.35 a share, without any change from last year. Its dividend has been increased for the last 1 year

The quick ratio of Bonanza Creek Energy Inc. for the three months ended June 29 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.14 and a total debt to equity ratio of 0.14 for the quarter ending June 29. Bonanza Creek Energy Inc.’s EBITDA margin for the year ending June 29 is 57.52%, while its operating margin for the same period stands at 24.20%. Its gross profit as reported stood at -$11.14 million compared to revenue of $218.09 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Bonanza Creek Energy Inc.’s return on assets was 2.80%. For the broader industry, ROE averaged 12.45 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Bonanza Creek Energy Inc. had $99.0 million in total debt. The analyst consensus anticipated Bonanza Creek Energy Inc.’s latest quarter earnings to come in at $1.26 per share, but it turned out to be $1.19, a -5.60% surprise. For the quarter, EBITDA amounted to $76.85 million. Shareholders own equity worth $30.85 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Bonanza Creek Energy Inc. (BCEI) price momentum. RSI 9-day as of the close on 22 October was 80.90%, suggesting the stock is Overbought, with historical volatility in this time frame at 20.11%.

As of today, BCEI’s price is $54.58 +4.03% or $2.16 from its 5-day moving average. BCEI is currently trading +21.34% higher than its 20-day SMA and +22.56% higher than its 100-day SMA. However, the stock’s current price level is +46.50% above the SMA50 and +128.40% above the SMA200.

The stochastic %K and %D were 95.66% and 91.77%, respectively, and the average true range (ATR) was 1.91. With the 14-day stochastic at 99.13% and the average true range at 1.94, the RSI (14) stands at 77.48%. The stock has reached 1.77 on the 9-day MACD Oscillator while the 14-day reading was at 3.13.

Analyst Ratings

Truist upgraded Bonanza Creek Energy Inc. (NYSE: BCEI) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Bonanza Creek Energy Inc. (BCEI) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BCEI, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.

What is BCEI’s price target for the next 12 months?

Analysts predict a range of price targets between $50.00 and $89.00, with a median target of $63.50. Taking a look at these predictions, the average price target given by analysts for Bonanza Creek Energy Inc. (BCEI) stock is $66.17.

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