Bonanza Creek Energy, Inc. (NYSE:BCEI)‘s stock had its “hold” rating reiterated by stock analysts at KeyCorp in a research note issued to investors on Monday.
Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of Bonanza Creek Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th. 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. Finally, 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. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $31.50.
Shares of Bonanza Creek Energy (BCEI) opened at $30.66 on Monday. Bonanza Creek Energy has a one year low of $23.33 and a one year 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 EPS 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 analyst estimates of $45.63 million. equities analysts expect that Bonanza Creek Energy will post 0.37 earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mangrove Partners bought a new stake in Bonanza Creek Energy in the 2nd quarter valued at $39,717,000. Apollo Management Holdings L.P. bought a new stake in Bonanza Creek Energy in the 2nd quarter valued at $35,158,000. Lord Abbett & CO. LLC bought a new stake in Bonanza Creek Energy in the 2nd quarter valued at $14,207,000. JPMorgan Chase & Co. bought a new stake in Bonanza Creek Energy in the 2nd quarter valued at $13,980,000. Finally, Wells Fargo & Company MN boosted its holdings in Bonanza Creek Energy by 6,203.4% in the 2nd quarter. Wells Fargo & Company MN now owns 413,500 shares of the oil and gas producer’s stock valued at $13,112,000 after purchasing an additional 406,940 shares during the period. 91.29% of the stock is 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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