Bonanza Creek Energy, Inc. (BCEI) was a big mover last session, as the company saw its shares rise over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down almost 32% in the past one-month time frame.
Bonanza Creek Energy has seen one negative revision in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Bonanza Creek Energy currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the oil and gas industry include Cobalt International Energy, Inc. (CIE), World Point Terminals, LP (WPT) and Abraxas Petroleum Corp. (AXAS). While Cobalt International Energy and World Point Terminals sport a Zacks Rank #1(Strong Buy), Abraxas Petroleum holds a Zacks Rank #2.
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