SunTrust Banks set a $24.00 price target on Bonanza Creek Energy (NYSE:BCEI) in a research report report published on Friday, TipRanks reports. The brokerage currently has a hold rating on the oil and gas producer’s stock.
A number of other brokerages have also recently weighed in on BCEI. Capital One Financial raised shares of Bonanza Creek Energy from an equal weight rating to an overweight rating in a report on Thursday, May 23rd. Imperial Capital reissued an outperform rating and set a $30.00 target price (up from $28.00) on shares of Bonanza Creek Energy in a report on Wednesday, July 24th. Finally, Zacks Investment Research cut shares of Bonanza Creek Energy from a hold rating to a strong sell rating in a report on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Bonanza Creek Energy has an average rating of Hold and an average price target of $27.00.
Shares of NYSE:BCEI traded up $0.68 on Friday, reaching $22.35. 185,127 shares of the company’s stock were exchanged, compared to its average volume of 188,893. The company has a market cap of $454.36 million, a price-to-earnings ratio of 4.64 and a beta of 1.56. Bonanza Creek Energy has a fifty-two week low of $17.64 and a fifty-two week high of $34.17. The business has a 50-day simple moving average of $20.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.05 and a quick ratio of 1.17.
Bonanza Creek Energy Company Profile
Bonanza Creek Energy, Inc, an exploration and production company, focuses on the extraction of onshore oil and related liquids-rich natural gas in the United States. The company's primary oil and liquids-weighted assets are located in the Wattenberg Field in Colorado. As of December 31, 2018, it had proved reserves of 116.8 million barrel of oil equivalent.
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