NYSE:BCEI

Stock Analysis Report

Bonanza Creek Energy

Executive Summary

Bonanza Creek Energy, Inc., an exploration and production company, focuses on the extraction of onshore oil and related liquids-rich natural gas in the United States.


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has Bonanza Creek Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BCEI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

35.7%

BCEI

-1.2%

US Oil and Gas

-4.1%

US Market


1 Year Return

-41.1%

BCEI

-56.2%

US Oil and Gas

-14.9%

US Market

Return vs Industry: BCEI exceeded the US Oil and Gas industry which returned -56.2% over the past year.

Return vs Market: BCEI underperformed the US Market which returned -14.9% over the past year.


Shareholder returns

BCEIIndustryMarket
7 Day35.7%-1.2%-4.1%
30 Day-28.0%-35.5%-19.1%
90 Day-43.8%-51.5%-23.4%
1 Year-41.1%-41.1%-54.4%-56.2%-13.2%-14.9%
3 Yearn/a-51.3%-56.1%10.7%3.5%
5 Yearn/a-54.7%-61.6%28.5%14.5%

Price Volatility Vs. Market

How volatile is Bonanza Creek Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bonanza Creek Energy undervalued compared to its fair value and its price relative to the market?

4.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BCEI ($13.62) is trading above our estimate of fair value ($5.39)

Significantly Below Fair Value: BCEI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BCEI is good value based on its PE Ratio (4.2x) compared to the Oil and Gas industry average (7x).

PE vs Market: BCEI is good value based on its PE Ratio (4.2x) compared to the US market (12.5x).


Price to Earnings Growth Ratio

PEG Ratio: BCEI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BCEI is good value based on its PB Ratio (0.3x) compared to the US Oil and Gas industry average (0.5x).


Next Steps

Future Growth

How is Bonanza Creek Energy forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-30.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BCEI's earnings are forecast to decline over the next 3 years (-30.3% per year).

Earnings vs Market: BCEI's earnings are forecast to decline over the next 3 years (-30.3% per year).

High Growth Earnings: BCEI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BCEI's revenue is expected to decline over the next 3 years (-14.2% per year).

High Growth Revenue: BCEI's revenue is forecast to decline over the next 3 years (-14.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BCEI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Bonanza Creek Energy performed over the past 5 years?

50.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BCEI has high quality earnings.

Growing Profit Margin: BCEI's current net profit margins (21.4%) are lower than last year (60.8%).


Past Earnings Growth Analysis

Earnings Trend: BCEI has become profitable over the past 5 years, growing earnings by 50.6% per year.

Accelerating Growth: BCEI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BCEI had negative earnings growth (-60.1%) over the past year, making it difficult to compare to the Oil and Gas industry average (-11.9%).


Return on Equity

High ROE: BCEI's Return on Equity (7.2%) is considered low.


Next Steps

Financial Health

How is Bonanza Creek Energy's financial position?


Financial Position Analysis

Short Term Liabilities: BCEI's short term assets ($110.5M) exceed its short term liabilities ($104.7M).

Long Term Liabilities: BCEI's short term assets ($110.5M) do not cover its long term liabilities ($164.9M).


Debt to Equity History and Analysis

Debt Level: BCEI's debt to equity ratio (8.5%) is considered satisfactory.

Reducing Debt: BCEI's debt to equity ratio has reduced from 113.2% to 8.5% over the past 5 years.


Balance Sheet

Inventory Level: BCEI has a high level of physical assets or inventory.

Debt Coverage by Assets: BCEI's debt is covered by short term assets (assets are 1.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BCEI is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: BCEI is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

What is Bonanza Creek Energy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BCEI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BCEI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BCEI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BCEI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BCEI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Eric Greager (48yo)

2s

Tenure

US$5,979,777

Compensation

Mr. Eric T. Greager has been President, Chief Executive Officer and Director of Bonanza Creek Energy, Inc. since April 11, 2018. Mr. Greager’s 20 years of management experience in oil and gas includes role ...


CEO Compensation Analysis

Compensation vs Market: Eric's total compensation ($USD5.98M) is above average for companies of similar size in the US market ($USD1.49M).

Compensation vs Earnings: Insufficient data to compare Eric's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Eric Greager
President2yrsUS$5.98m0.11% $299.0k
Brant DeMuth
Executive VP & CFO1.42yrsUS$778.26k0.18% $507.8k
Dean Tinsley
Senior Vice President of Operations2.42yrsUS$1.19m0.028% $78.9k
Sandra Garbiso
VP & Chief Accounting Officer2.42yrsUS$823.85k0.000010% $28.1
Cyrus Marter
Executive VP3.5yrsUS$1.36m0.067% $188.3k
Scott Landreth
Senior Director of Finance & Investor Relations and Treasurerno datano datano data

2.4yrs

Average Tenure

48yo

Average Age

Experienced Management: BCEI's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Eric Greager
President2yrsUS$5.98m0.11% $299.0k
Jack Vaughn
Independent Director3yrsUS$97.75kno data
Jeffrey Wojahn
Independent Director5.42yrsUS$92.50k0.00036% $1.0k
Paul Keglevic
Independent Director3yrsUS$99.00kno data
Brian Steck
Independent Chairman of the Board0.83yrUS$88.00kno data
Scott Vogel
Independent Director3yrsUS$100.00kno data
Carrie Hudak
Director0.50yrno datano data

3.0yrs

Average Tenure

54yo

Average Age

Experienced Board: BCEI's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bonanza Creek Energy, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bonanza Creek Energy, Inc.
  • Ticker: BCEI
  • Exchange: NYSE
  • Founded: 1999
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$281.229m
  • Shares outstanding: 20.65m
  • Website: https://www.bonanzacrk.com

Number of Employees


Location

  • Bonanza Creek Energy, Inc.
  • 410 17th Street
  • Suite 1400
  • Denver
  • Colorado
  • 80202
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
B2CNDB (Deutsche Boerse AG)YesNew Common SharesDEEURMay 2017
BCEINYSE (New York Stock Exchange)YesNew Common SharesUSUSDMay 2017
B2CNBRSE (Berne Stock Exchange)YesNew Common SharesCHCHFMay 2017

Biography

Bonanza Creek Energy, Inc., an exploration and production company, focuses on the extraction of onshore oil and related liquids-rich natural gas in the United States. Its primary oil and liquids-weighted assets are located in the Wattenberg Field in Colorado. As of December 31, 2019, the company had proved reserves of 121.9 million barrel of oil equivalent. Bonanza Creek Energy, Inc. was founded in 1999 and is headquartered in Denver, Colorado. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/03 09:39
End of Day Share Price2020/04/02 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.