Bonanza Creek Energy, Inc. (BCEI) Receives $28.50 Consensus PT from Brokerages
Shares of Bonanza Creek Energy, Inc. (NYSE:BCEI) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $28.50.
A number of research firms have recently issued reports on BCEI. Zacks Investment Research cut shares of Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine raised shares of Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. BidaskClub cut shares of Bonanza Creek Energy from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, KeyCorp reissued a “hold” rating on shares of Bonanza Creek Energy in a research report on Monday, November 13th.
In related news, major shareholder Whitebox Advisors Llc sold 300,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $31.59, for a total value of $9,477,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.57% of the company’s stock.
Bonanza Creek Energy (NYSE:BCEI) traded up $0.23 during mid-day trading on Friday, hitting $25.07. 40,716 shares of the stock were exchanged, compared to its average volume of 263,897. The company has a market cap of $508.07 and a PE ratio of -0.06. Bonanza Creek Energy has a one year low of $23.33 and a one year high of $40.60.
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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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