Why Bonanza Creek Energy, Basic Energy Services, and Matrix Service Company All

Jumped This Week

Volatility continued to be the main theme of the market this week as it

made several triple-digit moves. Meanwhile, crude oil kept bouncing

around, hitting a high near $50 a barrel on Monday, only to drop to less than $44 a barrel a few days

later.

This led to a lot of volatility among energy stocks, with dozens surging or plunging by double digits by the

end of the week. Photo credit: TaxCredits.net

What:Oil producer Bonanza Creek Energy’s (NYSE: BCEI) stock jumped more than 13%

this week.

So What: Key driver: Wunderlich

reiterated its Buy rating on the company and $29 price target

It pointed out that the company has a negative implied land value vs. its peers

Now What: Wunderlich also said that

the debt fears are overblown as the company has long duration debt that is covenant light

Key takeaway: Investors seem to agree that this stock is oversold

What:Energy engineering company Matrix Service Company (NASDAQ: MTRX) leapt more

than 14% this week.

So What: Key driver: Matrix Service

Company reported its fiscal fourth-quarter results on Monday

EPS of $0.40 per share, which was $0.13 per share higher than estimates

Revenue of $370.5 million, which was up 7.6% over last year

Now What: Company also said it was

confident in its fiscal 2016 guidance and that it has a record backlog, as well as several proposals for additional projects

Key takeaway: Investors were pleased with the results and optimistic outlook

What:Oil-field service company Basic Energy Services (NYSE: BAS) rocketed more than

17% this week.

So What: Key driver: Wunderlich

upgraded the company from a Sell to a Hold with a $4 price target

The upgrade noted that Basic is doing a good job managing through a very tough downturn

Now What: It also noted that Basic has

$200 million of liquidity and recently made a good deal with its banks

Further, despite the downturn, the company should still generate cash flow

Key takeaway: Investors agree that Basic Energy Services looks like it will survive the downturn

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