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Bonanza Creek Energy (BCEI)
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Bonanza Creek Energy (BCEI) Misses Q1 EPS Views; Revs Light
StreetInsider.com  May 10  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Bonanza+Creek+Energy+%28BCEI%29+Misses+Q1+EPS+Views%3B+Revs+Light/8325606.html for the full story.
Benzinga's Top Initiations
Benzinga  May 8  Comment 
Analysts at Piper Jaffray initiated coverage on shares of The Children's Place Retail Stores (NASDAQ: PLCE) with a “neutral” rating. The target price range for Children's Place is set to $49. Children's Place shares closed at $50.26 yesterday....
UPDATE: Canaccord Initiates Bonanza Creek Energy with Buy on Attractive Risk/Reward Profile
Benzinga  Apr 25  Comment 
In a report published Thursday, Canaccord Genuity analyst Ipsit Mohanty initiated coverage on Bonanza Creek Energy (NYSE: BCEI) with a Buy rating and $49.00 price target. In the report, Mohanty noted, “Bonanza Creek (BCEI) offers pure-play...
UPDATE: Topeka Capital Markets Lowers PT on Bonanza Creek Energy Following Analyst Day
Benzinga  Apr 12  Comment 
In a report published Friday, Topeka Capital Markets analyst Gabriele Sorbara reiterated a Hold rating on Bonanza Creek Energy (NYSE: BCEI), but lowered the price target from $42.00 to $38.00. In the report, Sorbara noted, “After tuning in to...
UPDATE: Topeka Initiates Bonanza Creek Energy with Hold Rating on Higher Risk/Reward Tradeoff
Benzinga  Mar 27  Comment 
In a report published Wednesday, Topeka Capital Markets analyst Gabriele Sorbara initiated coverage on Bonanza Creek Energy (NYSE: BCEI) with a Hold rating and $42.00 price target. In the report, Sorbara noted, “While we like the Company's...
UPDATE: Stifel Nicolaus Downgrades Bonanza Creek Energy to Hold on Lower NAV Estimates
Benzinga  Mar 19  Comment 
Stifel Nicolaus downgraded Bonanza Creek Energy (NYSE: BCEI) from Buy to Hold and removed the price target of $35.00. Stifel Nicolaus analyst Michael Scialla wrote, "We are adjusting our Niobrara type curve based on production data from 22...
UPDATE: Societe Generale Raises PT to $43 on Bonanza Creek Energy on Strong Q4, Well Data
Benzinga  Mar 18  Comment 
Societe Generale maintained Bonanza Creek Energy (NYSE: BCEI) with a Hold rating and raised the price target from $26.00 to $43.00. Societe Generale analyst John Herrlin noted, "BCEI 4Q12 results beat our above consensus estimate, with adjusted...
Benzinga's Top Initiations
Benzinga  Feb 22  Comment 
Analysts at Jefferies initiated coverage on shares of Oriental Financial Group (NYSE: OFG) with a “buy” rating. The target price for Oriental Financial is set to $20. Oriental Financial's shares closed at $14.67 yesterday. Canaccord...
Bonanza Creek Energy Prices 11.5M Share Offering @ $29.50/Share
Benzinga  Feb 1  Comment 
Bonanza Creek Energy (NYSE: BCEI) (the "Company") today announced that it has priced an upsized underwritten public offering of 11,500,000 shares of its common stock at a public offering price of $29.50 per share. All 11,500,000 shares will be...




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 This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company.
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Remi Cossart

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]

Contents

  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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