Bonanza Creek Energy, Inc. (BCEI) Receives Average Rating of “Hold” from Analysts

Shares of Bonanza Creek Energy, Inc. (NYSE:BCEI) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $25.00.

Several research analysts recently weighed in on BCEI shares. BMO Capital Markets restated a “hold” rating and set a $35.00 price target on shares of Bonanza Creek Energy in a research report on Monday, May 15th. Zacks Investment Research raised shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Thursday, May 11th. Capital One Financial Corporation reaffirmed an “equal weight” rating on shares of Bonanza Creek Energy in a research note on Tuesday, May 2nd. ValuEngine cut shares of Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut shares of Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th.

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Hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors purchased a new stake in shares of Bonanza Creek Energy during the second quarter valued at $366,000. TIAA CREF Investment Management LLC purchased a new stake in shares of Bonanza Creek Energy during the second quarter valued at $3,308,000. Teachers Advisors LLC purchased a new stake in shares of Bonanza Creek Energy during the second quarter valued at $1,457,000. Symphony Asset Management LLC purchased a new stake in shares of Bonanza Creek Energy during the second quarter valued at $4,120,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Bonanza Creek Energy during the second quarter valued at $764,000.

Shares of Bonanza Creek Energy (NYSE:BCEI) traded up 0.13% during mid-day trading on Monday, reaching $29.68. The company had a trading volume of 36,416 shares. The company has a 50 day moving average price of $28.79 and a 200 day moving average price of $98.17. Bonanza Creek Energy has a one year low of $25.76 and a one year high of $377.17. The company’s market capitalization is $606.33 million.

Bonanza Creek Energy (NYSE:BCEI) last issued its quarterly earnings data on Wednesday, May 10th. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by $0.02. The firm had revenue of $52.56 million during the quarter. Bonanza Creek Energy had a negative return on equity of 24.22% and a negative net margin of 53.37%. On average, analysts anticipate that Bonanza Creek Energy will post ($0.89) EPS for the current year.

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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