Bonanza Creek Energy, Inc. (BCEI) Lowered to Strong Sell at ValuEngine
Bonanza Creek Energy, Inc. (NYSE:BCEI) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday, June 2nd.
Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Bonanza Creek Energy from a “hold” rating to a “sell” rating in a research report on Monday, March 27th. BMO Capital Markets reissued a “hold” rating and issued a $1.00 price objective on shares of Bonanza Creek Energy in a research report on Wednesday, March 22nd. Finally, Capital One Financial Corporation reissued 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, five have assigned a hold rating and one has given a buy rating to the company’s stock. Bonanza Creek Energy currently has an average rating of “Hold” and a consensus target price of $21.13.
Bonanza Creek Energy (NYSE:BCEI) traded up 1.03% during mid-day trading on Friday, reaching $35.30. 191,086 shares of the company traded hands. Bonanza Creek Energy has a 52-week low of $30.89 and a 52-week high of $40.60. The stock has a 50 day moving average price of $44.21 and a 200-day moving average price of $141.89. The company’s market capitalization is $718.21 million.
Bonanza Creek Energy (NYSE:BCEI) last posted its quarterly earnings data on Wednesday, May 10th. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing the 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 business had revenue of $52.56 million during the quarter. Analysts expect that Bonanza Creek Energy will post ($64.93) EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of BCEI. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Bonanza Creek Energy during the first quarter valued at approximately $634,000. Scepter Holdings Inc. purchased a new position in shares of Bonanza Creek Energy during the first quarter valued at approximately $117,000. Morgan Stanley boosted its position in shares of Bonanza Creek Energy by 68.1% in the first quarter. Morgan Stanley now owns 304,684 shares of the oil and gas producer’s stock valued at $354,000 after buying an additional 123,455 shares during the period. Kamunting Street Capital Management L.P. purchased a new position in shares of Bonanza Creek Energy during the fourth quarter valued at approximately $313,000. Finally, AidennLair Capital Management LP purchased a new position in shares of Bonanza Creek Energy during the fourth quarter valued at approximately $483,000.
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.
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