Bonanza Creek Energy Inc. (NYSE:BCEI) shares fell to a low of $47.40 before closing at $48.36. Intraday shares traded counted 0.33 million, which was 26.26% higher than its 30-day average trading volume of 452.51K. BCEI’s previous close was $47.54 while the outstanding shares total 20.84M. The firm has a beta of 1.98, a 12-month trailing P/E ratio of 42.38, and a growth ratio of 2.83. The stock’s Relative Strength Index (RSI) is 78.93, with weekly volatility at 3.03% and ATR at 1.67. The BCEI stock’s 52-week price range has touched low of $14.02 and a $48.31 high. The stock traded higher over the last trading session, gaining 1.72% on 06/10/21.
Investors have identified the Oil & Gas E&P company Bonanza Creek Energy Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.44 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Bonanza Creek Energy Inc. (BCEI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 104.9 million total, with 94.28 million as their total liabilities.
BCEI were able to record 14.2 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by 13.95 million. In cash movements, the company had a total of 42.96 million as operating cash flow.
Potential earnings growth for Bonanza Creek Energy Inc. (BCEI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, Bonanza Creek Energy Inc. recorded a total of 74.16 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 18.55% coming in sequential stages and their sales for the 08/11/2021 quarter increasing by 15.54%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 50.67 million trying to sell their products during the last quarter, with the result yielding a gross income of 23.49 million. This allows shareholders to hold on to 20.84M with the recently reported earning now reading -0.01 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (-0.01 cents a share).
Having a look at the company’s valuation, the company is expected to record 7.67 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BCEI sounds very interesting.
Is the stock of BCEI attractive?
In related news, EVP & Chief Financial Officer, DeMuth Brant sold 3,000 shares of the company’s stock in a transaction that recorded on May 13. The sale was performed at an average price of 39.29, for a total value of 117,861. As the sale deal closes, the EVP & Chief Financial Officer, DeMuth Brant now sold 3,315 shares of the company’s stock, valued at 135,948. Also, SVP, Operations, Tinsley Dean sold 1,992 shares of the company’s stock in a deal that was recorded on Mar 08. The shares were price at an average price of 38.20 per share, with a total market value of 76,088. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.00%.
5 out of 6 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Bonanza Creek Energy Inc.. 0 analysts has assigned a Sell rating on the BCEI stock. The 12-month mean consensus price target for the company’s shares has been set at $51.71.