Bonanza Creek Energy (BCEI) Crumbles: Stock Drops 7% - Tale of the Tape

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Bonanza Creek Energy, Inc. ( BCEI ) saw a big move in the last trading session, as the company's shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for BCEI as the stock is now down nearly 9% in the past one-month time frame.

Bonanza Creek, an independent oil and natural gas company, has seen a mixed track record when it comes to current year estimate revisions over the past few weeks. There has been one downward revision and one upward revision in the last 30 days, and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

BCEI currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

Some better-ranked stocks in the oil exploration and production sector include Athlon Energy Inc. ( ATHL ), Cabot Oil & Gas Corporation ( COG ) and Linn Co, LLC ( LNCO ). All these stocks hold a Zacks Rank #1 (Strong Buy).

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ATHLON ENERGY (ATHL): Free Stock Analysis Report

BONANZA CREEK (BCEI): Free Stock Analysis Report

CABOT OIL & GAS (COG): Free Stock Analysis Report

LINN CO LLC (LNCO): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: ATHL , BCEI , COG , LNCO

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As of 12/19/2014, 04:15 PM


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