BMO Capital Markets set a $25.00 price objective on Bonanza Creek Energy, Inc. (NYSE:BCEI) in a research note issued to investors on Tuesday. The firm currently has a hold rating on the oil and gas producer’s stock.
Several other equities analysts also recently commented on the stock. KeyCorp reiterated a hold rating on shares of Bonanza Creek Energy in a report on Wednesday, September 6th. BidaskClub upgraded shares of Bonanza Creek Energy from a strong sell rating to a sell rating in a report on Monday, July 31st. Finally, Zacks Investment Research downgraded shares of Bonanza Creek Energy from a buy rating to a hold rating in a report on Tuesday, July 11th. One research 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’s stock. The company has a consensus rating of Hold and a consensus target price of $31.50.
Bonanza Creek Energy (NYSE BCEI) opened at 33.95 on Tuesday. Bonanza Creek Energy has a 1-year low of $23.33 and a 1-year high of $40.60. The firm’s market capitalization is $693.56 million. The company has a 50-day moving average of $30.30 and a 200-day moving average of $44.14.
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Several large investors have recently added to or reduced their stakes in the business. Mangrove Partners acquired a new position in shares of Bonanza Creek Energy in the second quarter valued at $39,717,000. Apollo Management Holdings L.P. acquired a new position in shares of Bonanza Creek Energy in the second quarter valued at $35,158,000. KBC Group NV increased its holdings in shares of 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 valued at $581,000 after purchasing an additional 212,675 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Bonanza Creek Energy in the second quarter valued at $14,207,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Bonanza Creek Energy in the second quarter valued at $13,980,000. Hedge funds and other institutional investors own 91.04% of the company’s stock.
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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