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Canaccord Genuity dropped their target price on shares of Bonanza Creek Energy (NASDAQ:BCEI) from $60.00 to $54.00 in a research note issued on Thursday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 22.17% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Imperial Capital cut their price target on shares of Bonanza Creek Energy from $53.00 to $51.00 in a research note to investors on Wednesday, January 8th. They now have an “in-line” rating on the stock. Separately, analysts at Mizuho upgraded shares of Bonanza Creek Energy from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 6th. Finally, analysts at Zacks upgraded shares of Bonanza Creek Energy from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, December 11th. They now have a $49.20 price target on the stock. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Bonanza Creek Energy presently has an average rating of “Buy” and an average target price of $53.90.

Bonanza Creek Energy (NASDAQ:BCEI) last released its earnings data on Friday, November 8th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. The company had revenue of $125.97 million for the quarter, compared to the consensus estimate of $106.04 million. The company’s revenue for the quarter was up 116.0% on a year-over-year basis.

Bonanza Creek Energy, Inc is an oil and natural gas company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States.

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