Bonanza Creek Energy, Inc. (NYSE:BCEI) has been assigned an average rating of “Hold” from the six research firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $25.00.
Several brokerages recently weighed in on BCEI. Zacks Investment Research downgraded Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub upgraded Bonanza Creek Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 18th. ValuEngine upgraded Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, KeyCorp restated a “hold” rating on shares of Bonanza Creek Energy in a research note on Monday, November 13th.
In other Bonanza Creek Energy news, major shareholder Whitebox Advisors Llc sold 500,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $32.01, for a total transaction of $16,005,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.57% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Two Sigma Investments LP purchased a new stake in Bonanza Creek Energy during the 4th quarter valued at about $2,034,000. Two Sigma Advisers LP purchased a new stake in shares of Bonanza Creek Energy in the fourth quarter worth about $803,000. Mangrove Partners boosted its stake in shares of Bonanza Creek Energy by 17.1% in the fourth quarter. Mangrove Partners now owns 1,993,900 shares of the oil and gas producer’s stock worth $55,012,000 after buying an additional 291,400 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Bonanza Creek Energy by 492.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 164,052 shares of the oil and gas producer’s stock worth $4,526,000 after buying an additional 136,373 shares during the last quarter. Finally, QS Investors LLC boosted its stake in shares of Bonanza Creek Energy by 82.2% in the fourth quarter. QS Investors LLC now owns 72,467 shares of the oil and gas producer’s stock worth $1,999,000 after buying an additional 32,696 shares during the last quarter. Institutional investors and hedge funds own 91.17% of the company’s stock.
Shares of Bonanza Creek Energy (NYSE BCEI) traded down $0.04 during mid-day trading on Friday, reaching $25.74. The company had a trading volume of 299,161 shares, compared to its average volume of 279,059. Bonanza Creek Energy has a 1 year low of $23.33 and a 1 year high of $40.60. The stock has a market cap of $529.13, a P/E ratio of -0.17 and a beta of 1.91.
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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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