Bonanza Creek Energy, Inc. (NYSE:BCEI) had its target price cut by BMO Capital Markets from $30.00 to $25.00 in a research report released on Friday morning. They currently have a market perform rating on the oil and gas producer’s stock.
A number of other brokerages have also recently commented on BCEI. Zacks Investment Research raised Bonanza Creek Energy from a hold rating to a buy rating and set a $43.00 price target for the company in a research report on Thursday, May 11th. ValuEngine cut Bonanza Creek Energy from a sell rating to a strong sell rating in a research report on Friday, June 2nd. Finally, Capital One Financial Corporation reaffirmed an equal weight rating on shares of Bonanza Creek Energy in a research report on Tuesday, May 2nd. Four equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $30.50.
Shares of Bonanza Creek Energy (NYSE:BCEI) traded down 2.32% during mid-day trading on Friday, reaching $29.10. The company’s stock had a trading volume of 97,420 shares. The company has a 50-day moving average price of $34.58 and a 200 day moving average price of $132.03. The company’s market cap is $592.07 million. Bonanza Creek Energy has a 52-week low of $27.24 and a 52-week high of $40.60.
Bonanza Creek Energy (NYSE:BCEI) last issued its quarterly earnings results on Wednesday, May 10th. The oil and gas producer reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.22) by $0.02. Bonanza Creek Energy had a negative return on equity of 192.23% and a negative net margin of 120.77%. The firm had revenue of $52.56 million for the quarter. Equities analysts expect that Bonanza Creek Energy will post ($0.29) earnings per share for the current year.
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Institutional investors have recently modified their holdings of the stock. Scepter Holdings Inc. bought a new position in shares of Bonanza Creek Energy during the first quarter valued at about $117,000. KBC Group NV boosted its position in shares of 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 during the period. Finally, Teachers Retirement System of The State of Kentucky bought a new position in shares of Bonanza Creek Energy during the first quarter valued at about $634,000.
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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