Bonanza Creek Energy, Inc. (NYSE:BCEI) had its price target cut by investment analysts at BMO Capital Markets from $30.00 to $25.00 in a report released on Friday. The brokerage currently has a “market perform” rating on the oil and gas producer’s stock. BMO Capital Markets’ target price points to a potential downside of 15.40% from the company’s current price.

BCEI has been the subject of several other research reports. Zacks Investment Research cut Bonanza Creek Energy from a “hold” rating to a “sell” rating in a report on Monday, March 27th. Capital One Financial Corporation restated an “equal weight” rating on shares of Bonanza Creek Energy in a report on Tuesday, May 2nd. Finally, ValuEngine cut Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $30.50.

Bonanza Creek Energy (NYSE:BCEI) traded up 1.05% during mid-day trading on Friday, reaching $29.86. The company had a trading volume of 165,565 shares. Bonanza Creek Energy has a 1-year low of $27.35 and a 1-year high of $40.60. The firm has a 50-day moving average of $34.58 and a 200 day moving average of $132.03. The company’s market capitalization is $607.53 million.

Bonanza Creek Energy (NYSE:BCEI) last released its quarterly earnings results 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. The firm had revenue of $52.56 million for the quarter. Bonanza Creek Energy had a negative net margin of 120.77% and a negative return on equity of 192.23%. On average, analysts predict that Bonanza Creek Energy will post ($0.15) earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky bought a new stake in Bonanza Creek Energy during the first quarter valued at about $634,000. Scepter Holdings Inc. bought a new stake in Bonanza Creek Energy during the first quarter valued at about $117,000. Finally, KBC Group NV raised its stake in 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 during 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.

Analyst Recommendations for Bonanza Creek Energy (NYSE:BCEI)

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