Bonanza Creek Energy (NYSE:BCEI) Price Target Cut to $21.00 by Analysts at KeyCorp

Bonanza Creek Energy (NYSE:BCEI) had its target price lowered by KeyCorp from $23.00 to $21.00 in a report released on Thursday morning, BenzingaRatingsTable reports. The firm currently has an overweight rating on the oil and gas producer’s stock.

BCEI has been the topic of several other research reports. Zacks Investment Research cut Bonanza Creek Energy from a hold rating to a strong sell rating in a report on Friday, March 13th. TheStreet lowered Bonanza Creek Energy from a c rating to a d+ rating in a research report on Monday, March 9th. Stifel Nicolaus lowered Bonanza Creek Energy from a buy rating to a hold rating and lowered their price target for the stock from $54.00 to $13.00 in a research report on Monday, March 9th. Finally, ValuEngine lowered Bonanza Creek Energy from a sell rating to a strong sell rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Bonanza Creek Energy currently has a consensus rating of Hold and a consensus target price of $21.60.

Shares of NYSE:BCEI traded down $1.74 during midday trading on Thursday, reaching $10.04. The company’s stock had a trading volume of 263,001 shares, compared to its average volume of 509,020. Bonanza Creek Energy has a fifty-two week low of $8.25 and a fifty-two week high of $26.75. The company has a market capitalization of $243.24 million, a P/E ratio of 3.62 and a beta of 1.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.06 and a quick ratio of 0.98. The business’s fifty day simple moving average is $15.23 and its 200-day simple moving average is $19.25.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Denali Advisors LLC bought a new stake in Bonanza Creek Energy during the fourth quarter valued at $28,000. Marshall Wace North America L.P. lifted its stake in shares of Bonanza Creek Energy by 1,573.9% in the 4th quarter. Marshall Wace North America L.P. now owns 6,294 shares of the oil and gas producer’s stock valued at $147,000 after acquiring an additional 5,918 shares during the last quarter. California Public Employees Retirement System purchased a new position in Bonanza Creek Energy during the 3rd quarter valued at about $204,000. Guggenheim Capital LLC purchased a new position in Bonanza Creek Energy during the 4th quarter valued at about $225,000. Finally, Victory Capital Management Inc. increased its holdings in Bonanza Creek Energy by 53.0% during the 4th quarter. Victory Capital Management Inc. now owns 10,983 shares of the oil and gas producer’s stock valued at $256,000 after purchasing an additional 3,806 shares during the period.

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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Analyst Recommendations for Bonanza Creek Energy (NYSE:BCEI)

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