KeyCorp Cuts Bonanza Creek Energy (NYSE:BCEI) Price Target to $21.00

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.

Institutional investors and hedge funds have recently bought and sold shares of the business. Denali Advisors LLC acquired a new stake in Bonanza Creek Energy in the 4th quarter valued at about $28,000. Marshall Wace North America L.P. increased its position in 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 in the last quarter. California Public Employees Retirement System acquired a new stake in Bonanza Creek Energy in the 3rd quarter valued at about $204,000. Guggenheim Capital LLC acquired a new stake in Bonanza Creek Energy in the 4th quarter valued at about $225,000. Finally, Victory Capital Management Inc. increased its position in Bonanza Creek Energy by 53.0% in 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 acquiring an additional 3,806 shares in the last quarter.

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.

Recommended Story: Candlestick

Analyst Recommendations for Bonanza Creek Energy (NYSE:BCEI)

Receive News & Ratings for Bonanza Creek Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bonanza Creek Energy and related companies with MarketBeat.com's FREE daily email newsletter.