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

BidaskClub downgraded shares of Bonanza Creek Energy, Inc. (NYSE:BCEI) from a buy rating to a hold rating in a research note published on Friday morning.

A number of other analysts have also recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Bonanza Creek Energy from $30.00 to $25.00 and set a market perform rating on the stock in a research note on Friday, July 14th. Zacks Investment Research cut shares of Bonanza Creek Energy from a hold rating to a sell rating in a research note on Monday, September 11th. Finally, KeyCorp reissued a hold rating on shares of Bonanza Creek Energy in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Bonanza Creek Energy currently has an average rating of Hold and an average price target of $31.50.

Bonanza Creek Energy (NYSE BCEI) opened at $31.42 on Friday. Bonanza Creek Energy has a twelve month low of $23.33 and a twelve month high of $40.60.

Bonanza Creek Energy (NYSE:BCEI) last posted its quarterly earnings data on Wednesday, November 8th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, topping 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 company had revenue of $45.23 million for the quarter, compared to the consensus estimate of $45.63 million. sell-side analysts predict that Bonanza Creek Energy will post 0.19 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of BCEI. Legal & General Group Plc bought a new stake in Bonanza Creek Energy in the second quarter valued at about $156,000. Westwood Holdings Group Inc. bought a new stake in Bonanza Creek Energy during the second quarter worth about $181,000. Strs Ohio bought a new stake in Bonanza Creek Energy during the second quarter worth about $199,000. Voya Investment Management LLC bought a new stake in Bonanza Creek Energy during the second quarter worth about $304,000. Finally, Nationwide Fund Advisors bought a new stake in Bonanza Creek Energy during the second quarter worth about $366,000. 91.29% of the stock is currently owned by institutional investors and hedge funds.

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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