Bonanza Creek Energy, Inc. (NYSE:BCEI) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday, October 18th.
BCEI has been the topic of a number of other reports. Zacks Investment Research downgraded Bonanza Creek Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 11th. BMO Capital Markets set a $25.00 target price on Bonanza Creek Energy and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Finally, KeyCorp reiterated a “hold” rating on shares of Bonanza Creek Energy in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.50.
Bonanza Creek Energy (NYSE:BCEI) traded up $0.29 during trading hours on Wednesday, hitting $34.75. The company had a trading volume of 211,899 shares, compared to its average volume of 124,090. Bonanza Creek Energy has a 12 month low of $23.33 and a 12 month high of $40.60.
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Hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc bought a new stake in Bonanza Creek Energy during the second quarter worth approximately $156,000. Westwood Holdings Group Inc. bought a new stake in Bonanza Creek Energy during the second quarter worth approximately $181,000. Strs Ohio bought a new stake in Bonanza Creek Energy during the second quarter worth approximately $199,000. Voya Investment Management LLC bought a new stake in Bonanza Creek Energy during the second quarter worth approximately $304,000. Finally, Nationwide Fund Advisors bought a new stake in Bonanza Creek Energy during the second quarter worth approximately $366,000. 91.03% of the stock is currently owned by institutional investors.
About Bonanza Creek Energy
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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