Bonanza Creek Energy, Inc. (NYSE:BCEI)‘s stock had its “hold” rating reissued by equities research analysts at BMO Capital Markets in a research report issued on Friday. They presently have a $25.00 price objective on the oil and gas producer’s stock. BMO Capital Markets’ target price suggests a potential downside of 8.63% from the stock’s previous close.
BCEI has been the subject of several other research reports. ValuEngine cut Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. BidaskClub cut Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Zacks Investment Research raised Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $30.50.
Shares of Bonanza Creek Energy (NYSE BCEI) traded up 5.27% during mid-day trading on Friday, reaching $27.36. The company’s stock had a trading volume of 96,657 shares. The firm’s market cap is $558.94 million. The firm’s 50-day moving average price is $27.20 and its 200 day moving average price is $70.60. Bonanza Creek Energy has a 12-month low of $23.33 and a 12-month high of $40.60.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new position in Bonanza Creek Energy in the 2nd quarter worth about $156,000. Westwood Holdings Group Inc. acquired a new position in Bonanza Creek Energy in the 2nd quarter worth about $181,000. Strs Ohio acquired a new position in Bonanza Creek Energy in the 2nd quarter worth about $199,000. Voya Investment Management LLC acquired a new position in Bonanza Creek Energy in the 2nd quarter worth about $304,000. Finally, Nationwide Fund Advisors acquired a new position in Bonanza Creek Energy in the 2nd quarter worth about $366,000. 91.04% of the stock is owned by institutional investors.
About Bonanza Creek Energy
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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