Bonanza Creek Energy, Inc. (NYSE:BCEI) had its price objective lowered by BMO Capital Markets from $30.00 to $25.00 in a report published on Friday, July 14th. BMO Capital Markets currently has a market perform rating on the oil and gas producer’s stock.
Several other equities analysts also recently weighed in on BCEI. Zacks Investment Research downgraded Bonanza Creek Energy from a buy rating to a hold rating in a research report on Tuesday, July 11th. ValuEngine downgraded 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 reissued an equal weight rating on shares of Bonanza Creek Energy in a research report on Tuesday, May 2nd. Two research 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 target price of $30.50.
Bonanza Creek Energy (NYSE BCEI) opened at 30.12 on Friday. Bonanza Creek Energy has a 12 month low of $25.76 and a 12 month high of $377.17. The company’s market capitalization is $615.32 million. The firm’s 50-day moving average is $28.82 and its 200-day moving average is $96.08.
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. The company had revenue of $52.56 million for the quarter. Bonanza Creek Energy had a negative net margin of 53.37% and a negative return on equity of 24.22%. Equities analysts anticipate that Bonanza Creek Energy will post ($0.89) EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in the stock. Scepter Holdings Inc. acquired a new position in shares of Bonanza Creek Energy during the first quarter valued at approximately $117,000. KBC Group NV boosted its stake 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 worth $581,000 after buying an additional 212,675 shares during the period. Parkwood LLC bought a new stake in shares of Bonanza Creek Energy during the second quarter worth $1,356,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Bonanza Creek Energy during the first quarter worth $634,000. Finally, Wells Fargo & Company MN boosted its stake in Bonanza Creek Energy by 6,203.4% in the second quarter. Wells Fargo & Company MN now owns 413,500 shares of the oil and gas producer’s stock worth $13,112,000 after buying an additional 406,940 shares during the period.
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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