Motley Fool  Sep 5  Comment 
A closer look at the key catalysts that fueled a rally in Bonanza Creek Energy, Basic Energy Services, and Matrix Service Company this week.
TheStreet.com  Aug 31  Comment 
NEW YORK (TheStreet) -- Bonanza Creek Energy stock is advancing by 13.9% to $7.62 on heavy trading volume on Monday afternoon, after the U.S. Energy Information Administration revised downward its production estimates for the first half of the...
TheStreet.com  Jul 28  Comment 
NEW YORK (TheStreet) -- Shares of Bonanza Creek Energy were falling 3.3% to $8.61 on heavy trading volume Tuesday after the oil and gas company missed analysts' estimates for earnings and revenue in the second quarter. Bonanza Creek reported a...
TheStreet.com  Jun 30  Comment 
NEW YORK (TheStreet) -- Bonanza Creek Energy stock was initiated by analysts at Canaccord with a "buy" rating and $29 price target. The company has a deep inventory in the Wattenberg with over 2,000 net future drilling locations, and plans to...
Benzinga  Jun 30  Comment 
Analysts at Canaccord Genuity initiated coverage on Bonanza Creek Energy Inc (NYSE: BCEI) with a Buy rating. The target price for Bonanza Creek Energy is set to $29. Bonanza Creek Energy shares closed at $17.95 yesterday. Analysts at Credit...
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...


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
  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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki