Investors Don’t See Light At End Of Bonanza Creek Energy, Inc.’s (NYSE:BCEI) Tunnel
When close to half the companies in the United States have price-to-earnings ratios (or “P/E’s”) above 20x, you may consider Bonanza Creek Energy, Inc. (NYSE:BCEI) as a highly attractive investment with its 6.1x P/E ratio. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so limited.
Bonanza Creek Energy has been struggling lately as its earnings have declined faster than most other companies. The P/E is probably low because investors think this …
