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.
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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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