Shares of Bonanza Creek Energy, Inc. (NYSE:BCEI) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $25.00.

BCEI has been the topic of several research reports. BidaskClub downgraded Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Zacks Investment Research upgraded Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Tuesday, July 4th. BMO Capital Markets cut their price target on Bonanza Creek Energy from $30.00 to $25.00 and set a “market perform” rating on the stock in a report on Friday, July 14th. Finally, KeyCorp reiterated a “hold” rating on shares of Bonanza Creek Energy in a report on Wednesday, September 6th.

Several institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new stake in Bonanza Creek Energy during the 2nd quarter worth approximately $156,000. Westwood Holdings Group Inc. purchased a new stake in Bonanza Creek Energy during the 2nd quarter worth approximately $181,000. Strs Ohio purchased a new stake in Bonanza Creek Energy during the 2nd quarter worth approximately $199,000. Voya Investment Management LLC purchased a new stake in Bonanza Creek Energy during the 2nd quarter worth approximately $304,000. Finally, Nationwide Fund Advisors purchased a new stake in Bonanza Creek Energy during the 2nd quarter worth approximately $366,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

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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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