QUOTE AND NEWS
Benzinga  Mar 10  Comment 
In a report published Tuesday, Imperial Capital analyst Kim Pacanovsky reiterated an Outperform rating and $30.00 price target on Bonanza Creek Energy, Inc. (NYSE: BCEI). In the report, Imperial Capital noted, "We are maintaining our Outperform...
TheStreet.com  Feb 3  Comment 
NEW YORK (TheStreet) -- Shares of Bonanza Creek Energy  are up 5.87% to $29.56 on heavy trading volume as oil rose further today on solid U.S. manufacturing data and a weaker dollar, Reuters reports. West Texas Intermediate for March...
Benzinga  Jan 22  Comment 
Imperial Capital on Thursday lowered Bonanza Creek Energy Inc's (NYSE: BCEI) one-year price target to $30, from $33, based on the lower commodity pricing environment. Analysts from Imperial Capital wrote, “Despite the increase in BCEI's P1...
Benzinga  Jan 20  Comment 
Irene Haas of Wunderlich Securities on Tuesday maintained a Buy rating on Bonanza Creek Energy Inc (NYSE: BCEI) and raised its price target to $38 from a $34 following the company's operational update for 2014 and capital expenditure guidance for...




 
TOP CONTRIBUTORS

Bonanza Creek Energy (NYSE:BCEI) is an oil and gas company which acquires, explores, and drills onshore gas wells in the United States. The company if focused in the Mid-Continent and Rocky Mountain regions of the US. [1]

Business Overview

For the nine months ended in September in 2011, Bonanza reported total revenues of $76M. This corresponded with a $13M net income for the same period. For the nine months in 2010, the total revenue was $35M and the net income was $11M.[2]

New Updates

The company's initial public offering of stock on the NYSE occurred on December 14, 2011. The company offered 10M shares each for $17. This was below the $20-$22 price range. The deal raised a total of $170M. The company had originally announced that it would sell 14.3M shares. The lead mangers of the deal were Morgan Stanley and Credit Suisse.[3]

Trends & Forces

Use of Hydraulic Fracturing

Like main onshore oil and gas drillers, Bonanza Creek Energy relies heavily on the use of injected water and chemicals under high pressures (hyrdofracking) to stimulate and improve the output of a well. This process has undergone scrutiny and if made illegal would severely impair Bonanza's abilities to extract oil and gas from its wells. [4]

  1. BCEI 2011 S-1/A PROSPECTUS SUMMARY "Overview" pp. 1-2
  2. BCEI 2011 S-1/A PROSPECTUS SUMMARY "SUMMARY HISTORICAL AND PRO FORMA CONSOLIDATED FINANCIAL DATA " pp. 8-9
  3. Renaissance Capital - IPO Home "Bonanza Creek Energy prices downsized IPO at $17, below the range" 15 Dec 2011
  4. BCEI 2011 S-1/A PROSPECTUS SUMMARY "Risk factors" pp. 16-19
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