Bonanza Creek Energy, Inc. (NYSE:BCEI) has been assigned a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $25.00.

BCEI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Tuesday, October 10th. BidaskClub upgraded shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. KeyCorp restated a “hold” rating on shares of Bonanza Creek Energy in a research note on Monday, November 13th. BMO Capital Markets set a $25.00 price objective on shares of Bonanza Creek Energy and gave the company a “hold” rating in a research note on Tuesday, October 10th. Finally, ValuEngine upgraded shares of Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd.

Bonanza Creek Energy (NYSE BCEI) traded down $0.53 during mid-day trading on Monday, reaching $28.80. The company’s stock had a trading volume of 175,900 shares, compared to its average volume of 303,589. The company has a market capitalization of $589.06, a PE ratio of -0.19 and a beta of 2.01. Bonanza Creek Energy has a 12 month low of $23.33 and a 12 month high of $40.60.

Bonanza Creek Energy (NYSE:BCEI) last posted its earnings results on Wednesday, November 8th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.68. The company had revenue of $45.23 million for the quarter, compared to analysts’ expectations of $45.63 million. Bonanza Creek Energy had a negative return on equity of 3.17% and a negative net margin of 33.79%. equities analysts forecast that Bonanza Creek Energy will post 0.49 EPS for the current fiscal year.

In related news, major shareholder Whitebox Advisors Llc sold 300,000 shares of Bonanza Creek Energy stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $31.59, for a total value of $9,477,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.57% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in Bonanza Creek Energy during the 2nd quarter worth about $13,980,000. Mangrove Partners lifted its holdings in shares of Bonanza Creek Energy by 35.9% during the 3rd quarter. Mangrove Partners now owns 1,702,500 shares of the oil and gas producer’s stock valued at $56,165,000 after buying an additional 450,000 shares during the last quarter. TIAA CREF Investment Management LLC acquired a new stake in shares of Bonanza Creek Energy during the 2nd quarter valued at about $3,308,000. Q Global Advisors LLC lifted its holdings in shares of Bonanza Creek Energy by 6.7% during the 3rd quarter. Q Global Advisors LLC now owns 130,533 shares of the oil and gas producer’s stock valued at $4,306,000 after buying an additional 8,142 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in shares of Bonanza Creek Energy during the 3rd quarter valued at about $451,000. Hedge funds and other institutional investors own 91.25% 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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