Bonanza Creek Energy, Inc. (NYSE:BCEI) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Monday, July 24th.
A number of other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Tuesday, July 4th. Capital One Financial Corporation restated an “equal weight” rating on shares of Bonanza Creek Energy in a research note on Tuesday, May 2nd. BMO Capital Markets reaffirmed a “hold” rating and set a $35.00 price objective on shares of Bonanza Creek Energy in a report on Monday, May 15th. Finally, ValuEngine lowered shares of Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $30.50.
Shares of Bonanza Creek Energy (BCEI) traded up 0.42% during mid-day trading on Monday, reaching $28.50. The company had a trading volume of 71,128 shares. The company’s 50-day moving average price is $29.48 and its 200-day moving average price is $108.02. Bonanza Creek Energy has a 52-week low of $25.76 and a 52-week high of $40.60. The company’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) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by $0.02. Bonanza Creek Energy had a negative net margin of 120.77% and a negative return on equity of 192.23%. The company had revenue of $52.56 million during the quarter. On average, analysts forecast that Bonanza Creek Energy will post ($0.30) earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: This piece was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://stocknewstimes.com/2017/08/06/bidaskclub-lowers-bonanza-creek-energy-inc-bcei-to-strong-sell-updated.html.
Hedge funds have recently modified their holdings of the stock. Legal & General Group Plc bought a new stake in shares of Bonanza Creek Energy during the second quarter worth $156,000. Bank of New York Mellon Corp raised its stake 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 worth $2,265,000 after buying an additional 21,823 shares in the last quarter. Rhumbline Advisers acquired a new stake in Bonanza Creek Energy during the second quarter worth approximately $751,000. Strs Ohio acquired a new stake in Bonanza Creek Energy during the second quarter worth approximately $199,000. Finally, Parkwood LLC acquired a new stake in Bonanza Creek Energy during the second quarter worth approximately $1,356,000.
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.
Receive News & Ratings for Bonanza Creek Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bonanza Creek Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
