Bonanza Creek Receives a Hold from BMO Capital

By Carrie Williams

In a report released today, Phillip Jungwirth from BMO Capital reiterated a Hold rating on Bonanza Creek (NYSE: BCEI), with a price target of $35. The company’s shares closed last Friday at $38.25.

According to, Jungwirth is a 4-star analyst with an average return of 5.5% and a 50.3% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Rice Midstream Partners, and Jagged Peak Energy Inc.

Bonanza Creek has an analyst consensus of Hold, with a price target consensus of $35.

Based on Bonanza Creek’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $52.56 million and GAAP net loss of $94.28 million. In comparison, last year the company earned revenue of $44.17 million and had a GAAP net loss of $47.24 million.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BCEI in relation to earlier this year.

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Bonanza Creek Energy, Inc. is an independent energy company, which engages in the acquisition, exploration, development and production of onshore oil and associated liquids. It holds interest in Wattenberg, Mid-Continent and North Park properties. The company was founded on December 2, 2010 and is headquartered in Denver, CO.