Bonanza Creek Energy, Inc. (BCEI) Receives Consensus Rating of “Hold” from Brokerages
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.
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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