Bonanza Creek Energy, Inc. (BCEI) Price Target Lowered to $25.00 at BMO Capital Markets

Bonanza Creek Energy, Inc. (NYSE:BCEI) had its price objective trimmed by BMO Capital Markets from $30.00 to $25.00 in a research report report published on Friday, July 14th. The brokerage currently has a market perform rating on the oil and gas producer’s stock.

Several other brokerages have also recently commented on BCEI. Zacks Investment Research cut shares of Bonanza Creek Energy from a buy rating to a hold rating in a research note on Tuesday, May 9th. 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, 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’s stock. Bonanza Creek Energy currently has an average rating of Hold and an average target price of $30.50.

Shares of Bonanza Creek Energy (NYSE:BCEI) opened at 28.50 on Friday. Bonanza Creek Energy has a one year low of $25.76 and a one year high of $40.60. The firm’s 50-day moving average is $29.48 and its 200-day moving average is $108.02. The stock’s market capitalization is $579.86 million.

Bonanza Creek Energy (NYSE:BCEI) last released its earnings results on Wednesday, May 10th. The oil and gas producer reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by $0.02. The company had revenue of $52.56 million during the quarter. Bonanza Creek Energy had a negative return on equity of 192.23% and a negative net margin of 120.77%. On average, analysts expect that Bonanza Creek Energy will post ($0.30) earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the stock. KBC Group NV boosted its position in Bonanza Creek Energy by 73.9% in the first quarter. KBC Group NV now owns 500,608 shares of the oil and gas producer’s stock valued at $581,000 after buying an additional 212,675 shares in the last quarter. Scepter Holdings Inc. purchased a new position in Bonanza Creek Energy during the first quarter valued at about $117,000. Bank of New York Mellon Corp boosted its position in Bonanza Creek Energy by 44.0% in the second quarter. Bank of New York Mellon Corp now owns 71,446 shares of the oil and gas producer’s stock valued at $2,265,000 after buying an additional 21,823 shares in the last quarter. Parkwood LLC purchased a new position in Bonanza Creek Energy during the second quarter valued at about $1,356,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in Bonanza Creek Energy during the first quarter valued at about $634,000.

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.