Bonanza Creek Energy (NYSE:BCEI) has tumbled 2.06% during the past week and has dropped 23.72% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.88%. Bonanza Creek Energy (NYSE:BCEI) has underperformed the index by 24.41% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Bonanza Creek Energy (NYSE:BCEI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.44 and $2.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.38, notching a gain of 5.31% for the day. The total traded volume was 2,938,333 . The stock had closed at $2.26 on the previous day.
The company shares have dropped -88.08% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $21.07 and the one year low was seen on Mar 1, 2016. The 50-Day Moving Average price is $2.94 and the 200 Day Moving Average price is recorded at $3.10.
On the companys insider trading activities, Boone Lynn, officer (Sr. VP, Planning & Reserves) of Bonanza Creek Energy, Inc. had purchased 11,000 shares on December 5, 2014 in a transaction. The price per share was $21.01 and the total amount of the disclosed transaction was $231,110.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Bonanza Creek Energy (NYSE:BCEI). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Deutsche Bank lowers the price target from $4 per share to $3.5 per share. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 0.52% of Bonanza Creek Energy shares according to the proxy statements. Institutional Investors own 96.82% of Bonanza Creek Energy shares.
Bonanza Creek Energy, Inc. is an energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. Its oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado, which the Company has designated the Rocky Mountain region and the Dorcheat Macedonia Field in Southern Arkansas, which it has designated the Mid-Continent region. In addition, the Company owns and operates oil-producing assets in the North Park Basin in Colorado and the McKamie Patton Field in Southern Arkansas. It operates approximately 98% of its proved reserves with an average working interest of approximately 86%.