Shares of Bonanza Creek Energy (NYSE:BCEI) have earned an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $32.00.

A number of research firms have weighed in on BCEI. Imperial Capital began coverage on shares of Bonanza Creek Energy in a research report on Thursday. They set an “outperform” rating and a $37.00 price objective on the stock. Zacks Investment Research lowered shares of Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 9th. BMO Capital Markets reissued a “hold” rating and set a $27.00 target price on shares of Bonanza Creek Energy in a research note on Wednesday, April 11th. Finally, ValuEngine raised shares of Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd.

BCEI stock opened at $29.12 on Wednesday. Bonanza Creek Energy has a twelve month low of $23.33 and a twelve month high of $40.60. The firm has a market cap of $623.22, a price-to-earnings ratio of 22.74 and a beta of 1.65.

Bonanza Creek Energy (NYSE:BCEI) last posted its quarterly earnings data on Wednesday, March 14th. The oil and gas producer reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. Bonanza Creek Energy had a negative net margin of 1.23% and a positive return on equity of 5.49%. The business had revenue of $50.19 million for the quarter, compared to analysts’ expectations of $43.34 million. equities research analysts expect that Bonanza Creek Energy will post 3.37 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. AXA purchased a new stake in shares of Bonanza Creek Energy during the fourth quarter valued at $281,000. MetLife Investment Advisors LLC purchased a new stake in shares of Bonanza Creek Energy during the fourth quarter valued at $287,000. Jane Street Group LLC purchased a new stake in shares of Bonanza Creek Energy during the fourth quarter valued at $294,000. Wolverine Asset Management LLC purchased a new stake in shares of Bonanza Creek Energy during the fourth quarter valued at $305,000. Finally, Spark Investment Management LLC purchased a new stake in shares of Bonanza Creek Energy during the fourth quarter valued at $389,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

Bonanza Creek Energy Company Profile

Bonanza Creek Energy, Inc engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the United States. The company's oil and liquids-weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas.

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