Bonanza Creek Energy, Inc. (NYSE:BCEI) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Bonanza Creek Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. BMO Capital Markets set a $25.00 target price on shares of Bonanza Creek Energy and gave the company a “hold” rating in a research note on Tuesday, October 10th. Finally, KeyCorp reissued a “hold” rating on shares of Bonanza Creek Energy in a research note on Wednesday, September 6th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.50.
Bonanza Creek Energy (NYSE BCEI) opened at $33.04 on Friday. Bonanza Creek Energy has a 52 week low of $23.33 and a 52 week high of $40.60.
Bonanza Creek Energy (NYSE:BCEI) last released its earnings results on Wednesday, November 8th. The oil and gas producer reported $0.67 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.68. Bonanza Creek Energy had a negative net margin of 33.79% and a negative return on equity of 3.17%. The business had revenue of $45.23 million during the quarter, compared to analysts’ expectations of $45.63 million. equities research analysts forecast that Bonanza Creek Energy will post 0.19 earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc bought a new position in Bonanza Creek Energy during the second quarter worth $156,000. Westwood Holdings Group Inc. bought a new position in Bonanza Creek Energy during the second quarter worth $181,000. Strs Ohio bought a new position in Bonanza Creek Energy during the second quarter worth $199,000. Voya Investment Management LLC bought a new position in Bonanza Creek Energy during the second quarter worth $304,000. Finally, Nationwide Fund Advisors bought a new position in Bonanza Creek Energy during the second quarter worth $366,000. 91.03% of the stock is owned by hedge funds and other institutional investors.
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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