Bonanza Creek Energy Inc (NYSE:BCEI)’s stock price was up 5.6% on Wednesday . The stock traded as high as $20.90 and last traded at $20.39. Approximately 243,608 shares traded hands during trading, a decline of 13% from the average daily volume of 279,865 shares. The stock had previously closed at $19.31.
Several brokerages have recently commented on BCEI. ValuEngine upgraded Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research note on Monday, August 17th. SunTrust Banks upped their target price on Bonanza Creek Energy from $13.00 to $16.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. Zacks Investment Research cut Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Seaport Global Securities started coverage on Bonanza Creek Energy in a report on Monday, July 27th. They set a “buy” rating and a $25.00 price target for the company. Finally, KeyCorp increased their price target on Bonanza Creek Energy from $21.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Bonanza Creek Energy has an average rating of “Buy” and an average price target of $23.50.
The company has a debt-to-equity ratio of 0.06, a current ratio of 1.74 and a quick ratio of 1.61. The company has a 50 day moving average of $19.58 and a 200-day moving average of $16.58. The company has a market cap of $424.81 million, a P/E ratio of 5.80 and a beta of 2.36.
Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its position in shares of Bonanza Creek Energy by 18.9% in the 2nd quarter. FMR LLC now owns 2,985,157 shares of the oil and gas producer’s stock worth $44,240,000 after purchasing an additional 474,678 shares in the last quarter. Vanguard Group Inc. lifted its position in Bonanza Creek Energy by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,343,778 shares of the oil and gas producer’s stock valued at $19,914,000 after acquiring an additional 36,122 shares in the last quarter. Donald Smith & CO. Inc. lifted its position in Bonanza Creek Energy by 34.4% in the 1st quarter. Donald Smith & CO. Inc. now owns 1,052,882 shares of the oil and gas producer’s stock valued at $11,845,000 after acquiring an additional 269,250 shares in the last quarter. State Street Corp lifted its position in Bonanza Creek Energy by 19.8% in the 1st quarter. State Street Corp now owns 984,389 shares of the oil and gas producer’s stock valued at $11,074,000 after acquiring an additional 162,486 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Bonanza Creek Energy by 225.1% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 269,267 shares of the oil and gas producer’s stock valued at $3,991,000 after acquiring an additional 186,443 shares in the last quarter.
About Bonanza Creek Energy (NYSE:BCEI)
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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