Bonanza Creek Energy, Inc. (NYSE:BCEI) has earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $25.00.
BCEI has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $35.00 price target on shares of Bonanza Creek Energy in a report on Monday, May 15th. Zacks Investment Research downgraded shares of Bonanza Creek Energy from a “hold” rating to a “sell” rating in a report on Monday. BidaskClub raised shares of Bonanza Creek Energy from a “sell” rating to a “hold” rating in a report on Saturday, September 2nd. ValuEngine downgraded shares of Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Bonanza Creek Energy in a report on Wednesday, September 6th.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Scepter Holdings Inc. bought a new stake in Bonanza Creek Energy in the first quarter worth about $117,000. KBC Group NV lifted its stake in Bonanza Creek Energy by 73.9% in the first quarter. KBC Group NV now owns 500,608 shares of the oil and gas producer’s stock worth $581,000 after purchasing an additional 212,675 shares during the last quarter. Eaton Vance Management bought a new stake in Bonanza Creek Energy in the second quarter worth about $12,564,000. Parkwood LLC bought a new stake in Bonanza Creek Energy in the second quarter worth about $1,356,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in Bonanza Creek Energy in the first quarter worth about $634,000. 91.04% of the stock is owned by institutional investors and hedge funds.
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Shares of Bonanza Creek Energy (BCEI) traded up 0.48% during midday trading on Tuesday, reaching $29.18. The company’s stock had a trading volume of 176,758 shares. Bonanza Creek Energy has a 12 month low of $23.33 and a 12 month high of $40.60. The company’s 50-day moving average price is $27.22 and its 200-day moving average price is $61.57. The company’s market cap is $596.12 million.
Bonanza Creek Energy Company Profile
Bonanza Creek Energy, Inc (Bonanza Creek) is an independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company’s oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado and the Dorcheat Macedonia Field in southern Arkansas.
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