Bonanza Creek Energy (BCEI) Hits New 52-Week Low at $23.43

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Bonanza Creek Energy Inc (NYSE:BCEI) reached a new 52-week low during trading on Thursday . The stock traded as low as $23.43 and last traded at $24.26, with a volume of 16540 shares trading hands. The stock had previously closed at $26.11.

Several research firms have recently commented on BCEI. Telsey Advisory Group reduced their price target on shares of Bonanza Creek Energy from $53.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, August 10th. ValuEngine lowered shares of Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, August 10th. Zacks Investment Research lowered shares of Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, Imperial Capital upped their price target on shares of Bonanza Creek Energy to $53.00 in a research report on Friday, October 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $40.75.

The stock has a market cap of $506.00 million, a P/E ratio of 5.19 and a beta of 1.46.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCEI. State of Alaska Department of Revenue purchased a new stake in shares of Bonanza Creek Energy during the 3rd quarter valued at about $200,000. Louisiana State Employees Retirement System purchased a new stake in Bonanza Creek Energy in the 3rd quarter worth approximately $244,000. Dynamic Technology Lab Private Ltd purchased a new stake in Bonanza Creek Energy in the 2nd quarter worth approximately $245,000. Eqis Capital Management Inc. purchased a new stake in Bonanza Creek Energy in the 2nd quarter worth approximately $254,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Bonanza Creek Energy in the 3rd quarter worth approximately $256,000.

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About Bonanza Creek Energy (NYSE:BCEI)

Bonanza Creek Energy, Inc engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the United States. The company's oil and liquids-weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas.

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