Bonanza Creek Energy, Inc. (NYSE:BCEI) has been given a $25.00 price objective by BMO Capital Markets in a research note issued to investors on Tuesday. The firm presently has a “hold” rating on the oil and gas producer’s stock. BMO Capital Markets’ price objective would indicate a potential downside of 26.14% from the stock’s previous close.

Several other brokerages have also weighed in on BCEI. KeyCorp reissued a “hold” rating on shares of Bonanza Creek Energy in a report on Wednesday, September 6th. Zacks Investment Research lowered Bonanza Creek Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, BidaskClub raised Bonanza Creek Energy from a “sell” rating to a “hold” rating in a report on Saturday, September 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.50.

Shares of Bonanza Creek Energy (NYSE:BCEI) opened at 33.85 on Tuesday. Bonanza Creek Energy has a 1-year low of $23.33 and a 1-year high of $40.60. The company has a 50-day moving average price of $29.75 and a 200 day moving average price of $44.29. The company’s market capitalization is $691.52 million.

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Several institutional investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC bought a new position in shares of Bonanza Creek Energy in the second quarter worth $14,207,000. Westwood Holdings Group Inc. bought a new position in shares of Bonanza Creek Energy in the second quarter worth $181,000. California State Teachers Retirement System bought a new position in shares of Bonanza Creek Energy in the second quarter worth $1,142,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Bonanza Creek Energy by 925.5% in the second quarter. The Manufacturers Life Insurance Company now owns 15,792 shares of the oil and gas producer’s stock worth $501,000 after acquiring an additional 14,252 shares during the period. Finally, Q Global Advisors LLC bought a new position in shares of Bonanza Creek Energy in the second quarter worth $3,881,000. 91.04% of the stock is owned by hedge funds and other institutional investors.

About Bonanza Creek Energy

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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