Bonanza Creek Energy’s (BCEI) “Hold” Rating Reiterated at BMO Capital Markets

BMO Capital Markets reissued their hold rating on shares of Bonanza Creek Energy, Inc. (NYSE:BCEI) in a research note issued to investors on Friday. The firm currently has a $25.00 target price on the oil and gas producer’s stock.

Several other research analysts also recently weighed in on BCEI. ValuEngine downgraded Bonanza Creek Energy from a sell rating to a strong sell rating in a research note on Friday, June 2nd. BidaskClub downgraded Bonanza Creek Energy from a sell rating to a strong sell rating in a research note on Monday, July 24th. Finally, Zacks Investment Research upgraded Bonanza Creek Energy from a hold rating to a buy rating and set a $43.00 target price on the stock in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $30.50.

Shares of Bonanza Creek Energy (NYSE BCEI) traded up 5.27% during midday trading on Friday, reaching $27.36. The company had a trading volume of 96,657 shares. The stock’s market capitalization is $558.94 million. The company’s 50 day moving average price is $27.20 and its 200 day moving average price is $70.60. Bonanza Creek Energy has a 52-week low of $23.33 and a 52-week high of $40.60.

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Hedge funds have recently made changes to their positions in the business. Scepter Holdings Inc. purchased a new position in shares of Bonanza Creek Energy in the 1st quarter valued at approximately $117,000. Legal & General Group Plc purchased a new position in shares of Bonanza Creek Energy in the 2nd quarter valued at approximately $156,000. Westwood Holdings Group Inc. purchased a new position in shares of Bonanza Creek Energy in the 2nd quarter valued at approximately $181,000. Strs Ohio purchased a new position in shares of Bonanza Creek Energy in the 2nd quarter valued at approximately $199,000. Finally, Voya Investment Management LLC purchased a new position in shares of Bonanza Creek Energy in the 2nd quarter valued at approximately $304,000. Institutional investors own 91.04% of the company’s stock.

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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