BidaskClub Upgrades Bonanza Creek Energy, Inc. (BCEI) to Hold

Bonanza Creek Energy, Inc. (NYSE:BCEI) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, September 2nd.

Several other analysts also recently weighed in on the stock. BMO Capital Markets dropped their target price on shares of Bonanza Creek Energy from $30.00 to $25.00 and set a “market perform” rating for the company in a report on Friday, July 14th. Zacks Investment Research cut shares of Bonanza Creek Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, ValuEngine cut shares of Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $30.50.

Shares of Bonanza Creek Energy (BCEI) traded up 0.40% on Friday, hitting $29.91. The stock had a trading volume of 694,614 shares. Bonanza Creek Energy has a 12 month low of $23.33 and a 12 month high of $377.17. The stock’s market cap is $611.03 million. The stock has a 50 day moving average of $27.47 and a 200-day moving average of $58.83.

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Institutional investors have recently modified their holdings of the company. Eaton Vance Management purchased a new stake in Bonanza Creek Energy during the second quarter worth about $12,564,000. Scepter Holdings Inc. purchased a new stake in shares of Bonanza Creek Energy in the first quarter valued at about $117,000. KBC Group NV lifted its holdings in shares of 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 purchasing an additional 212,675 shares in the last quarter. Parkwood LLC purchased a new stake in shares of Bonanza Creek Energy in the second quarter valued at about $1,356,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Bonanza Creek Energy in the first quarter valued at about $634,000. Institutional investors and hedge funds own 91.04% of the company’s stock.

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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