Shares of Bonanza Creek Energy, Inc. (NYSE:BCEI) have been assigned a consensus rating of “Hold” from the six analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $31.50.
Several brokerages recently issued reports on BCEI. Zacks Investment Research raised shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday. BMO Capital Markets set a $25.00 price target on shares of Bonanza Creek Energy and gave the company a “hold” rating in a report on Tuesday. BidaskClub raised shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Finally, KeyCorp reissued a “hold” rating on shares of Bonanza Creek Energy in a report on Wednesday, September 6th.
Bonanza Creek Energy (NYSE BCEI) traded down 1.11% on Friday, reaching $33.95. 176,165 shares of the company’s stock traded hands. Bonanza Creek Energy has a 52-week low of $23.33 and a 52-week high of $40.60. The stock’s market capitalization is $693.56 million. The firm’s 50-day moving average is $30.30 and its 200 day moving average is $44.14.
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A number of hedge funds have recently made changes to their positions in BCEI. KBC Group NV lifted its holdings in Bonanza Creek Energy by 73.9% during the 1st quarter. KBC Group NV now owns 500,608 shares of the oil and gas producer’s stock valued at $581,000 after purchasing an additional 212,675 shares during the last quarter. Scepter Holdings Inc. bought a new position in shares of Bonanza Creek Energy in the first quarter worth about $117,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Bonanza Creek Energy in the first quarter worth about $634,000. Parkwood LLC bought a new position in shares of Bonanza Creek Energy in the second quarter worth about $1,356,000. Finally, Strs Ohio bought a new position in shares of Bonanza Creek Energy in the second quarter worth about $199,000. 91.04% of the stock is owned by hedge funds and other institutional investors.
About Bonanza Creek Energy
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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