Bonanza Creek Energy, Inc. (NYSE:BCEI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Bonanza Creek Energy, Inc. is engaged in the acquisition, exploration and development of onshore oil and natural gas properties in the United States. The Company’s core operating areas are the DJ Basin in Colorado and the Cotton Valley formation in southern Arkansas. Bonanza Creek Energy, Inc. is based in Denver, Colorado. “

Several other equities research analysts have also recently issued reports on BCEI. Capital One Financial Corporation reaffirmed an “equal weight” rating on shares of Bonanza Creek Energy in a research report on Tuesday, May 2nd. BMO Capital Markets reaffirmed a “hold” rating and set a $1.00 price objective on shares of Bonanza Creek Energy in a research report on Wednesday, March 22nd. Finally, ValuEngine cut shares of Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $35.50.

Shares of Bonanza Creek Energy (BCEI) traded up 1.68% during mid-day trading on Tuesday, hitting $28.44. The company had a trading volume of 279,850 shares. The firm’s market capitalization is $578.64 million. Bonanza Creek Energy has a 52-week low of $27.29 and a 52-week high of $40.60. The firm has a 50-day moving average price of $34.58 and a 200 day moving average price of $132.03.

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 Thomson Reuters’ 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 ($0.15) earnings per share for the current year.

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A number of large investors have recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Bonanza Creek Energy during the first quarter valued at approximately $634,000. Scepter Holdings Inc. bought a new stake in shares of Bonanza Creek Energy during the first quarter valued at approximately $117,000. Finally, KBC Group NV raised 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 valued at $581,000 after buying an additional 212,675 shares in the last quarter.

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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Analyst Recommendations for Bonanza Creek Energy (NYSE:BCEI)

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