Increased Earnings Estimates Seen for Bonanza Creek Energy (BCEI): Can It Move Higher? - Tale of the Tape

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Bonanza Creek Energy, Inc . ( BCEI ), an independent energy company in the United States, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BCEI's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Bonanza Creek Energy could be a solid choice for investors.

Current Quarter Estimates for BCEI

In the past 30 days, 1 estimate has gone higher for Bonanza Creek Energy while no estimate has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 48 cents a share 30 days ago, to 75 cents today, a move of 56.25%.

Current Year Estimates for BCEI

Meanwhile, Bonanza Creek Energy's current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $2.14 per share 30 days ago to $2.72 per share today, an increase of 21.3%.

Bottom Line

The stock has also started to move higher lately, adding 6.98% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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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 , Earnings , Investing Ideas , Stocks

Referenced Stocks: BCEI

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