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Bonanza Creek Energy (NASDAQ:BCEI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Friday, American Banking and Market News reports. They currently have a $37.30 price target on the stock. Zacks‘ target price indicates a potential downside of 4.99% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their price target on shares of Bonanza Creek Energy from $60.00 to $54.00 in a research note to investors on Thursday, January 16th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $53.24.

Shares of Bonanza Creek Energy (NASDAQ:BCEI) traded up 1.36% on Friday, hitting $39.7942. The stock had a trading volume of 590,707 shares. Bonanza Creek Energy has a 52 week low of $31.11 and a 52 week high of $57.47. The stock’s 50-day moving average is $42.68 and its 200-day moving average is $44.89. The company has a market cap of $1.603 billion and a P/E ratio of 27.88.

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.

To view Zacks’ full report, visit www.zacks.com

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