BidaskClub Upgrades Bonanza Creek Energy, Inc. (BCEI) to Sell

BidaskClub upgraded shares of Bonanza Creek Energy, Inc. (NYSE:BCEI) from a strong sell rating to a sell rating in a report published on Monday, July 31st.

A number of other equities analysts have also weighed in on BCEI. Zacks Investment Research lowered Bonanza Creek Energy from a buy rating to a hold rating in a research report on Tuesday, July 11th. BMO Capital Markets decreased their target price on Bonanza Creek Energy from $30.00 to $25.00 and set a market perform rating for the company in a research report on Friday, July 14th. ValuEngine downgraded Bonanza Creek Energy from a sell rating to a strong sell rating in a research note on Friday, June 2nd. Finally, Capital One Financial Corporation restated an equal weight rating on shares of Bonanza Creek Energy in a research note on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Bonanza Creek Energy has an average rating of Hold and an average target price of $30.50.

Bonanza Creek Energy (NYSE BCEI) opened at 24.57 on Monday. The company’s market cap is $501.94 million. The company’s 50-day moving average is $28.42 and its 200 day moving average is $86.34. Bonanza Creek Energy has a 52-week low of $24.09 and a 52-week high of $40.60.

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Several hedge funds and other institutional investors have recently made changes to their positions in BCEI. Legal & General Group Plc bought a new position in shares of Bonanza Creek Energy during the second quarter worth about $156,000. Westwood Holdings Group Inc. bought a new position in shares of Bonanza Creek Energy during the second quarter worth about $181,000. Strs Ohio bought a new position in shares of Bonanza Creek Energy during the second quarter worth about $199,000. Voya Investment Management LLC bought a new position in shares of Bonanza Creek Energy during the second quarter worth about $304,000. Finally, Nationwide Fund Advisors bought a new position in shares of Bonanza Creek Energy during the second quarter worth about $366,000.

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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