Bonanza Creek Energy (NYSE:BCEI) had its price objective decreased by KeyCorp from $23.00 to $21.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The brokerage presently has an “overweight” rating on the oil and gas producer’s stock. KeyCorp’s price target would suggest a potential upside of 109.16% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Bonanza Creek Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, March 13th. ValuEngine cut shares of Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. TheStreet cut shares of Bonanza Creek Energy from a “c” rating to a “d+” rating in a research report on Monday, March 9th. Finally, Stifel Nicolaus cut shares of Bonanza Creek Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $54.00 to $13.00 in a research report on Monday, March 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Bonanza Creek Energy currently has a consensus rating of “Hold” and an average price target of $21.60.
Shares of NYSE:BCEI traded down $1.74 during midday trading on Thursday, reaching $10.04. 263,001 shares of the company’s stock were exchanged, compared to its average volume of 509,020. The company’s 50 day simple moving average is $15.23 and its two-hundred day simple moving average is $19.25. The firm has a market capitalization of $243.24 million, a PE ratio of 3.62 and a beta of 1.70. Bonanza Creek Energy has a 12 month low of $8.25 and a 12 month high of $26.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 1.06.
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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