Bonanza Creek Energy (BCEI): Price Target and June Short Interest Disclosure

Bonanza Creek Energy (BCEI) : Average target price received by Bonanza Creek Energy (BCEI) is $2.54 with an expected standard deviation of $1.28. The most aggressive target on the stock is $6, whereas the most downbeat target is $1. 14 financial analysts are currently covering the stock.

Bonanza Creek Energy (BCEI) has shown a drop of 5.1% or 841,679 shares in the short positions. The bets have increased to 15,537,663 shares on June 30,2016 from 16,379,342 shares on June 15,2016. With respect to the floated shares, the shorts are 32.2%. The days to cover are calculated to be 6, using the standard per day volume of 2,702,800 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on Bonanza Creek Energy (NYSE:BCEI). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm lowers the price target from $4 per share to $3.5 per share. The rating by the firm was issued on June 14, 2016.


Bonanza Creek Energy (NYSE:BCEI): On Thursdays trading session , Opening price of the stock was $1.56 with an intraday high of $1.56. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1.27. However, the stock managed to close at $1.29, a loss of 10.42% for the day. On the previous day, the stock had closed at $1.44. The total traded volume of the day was 5,156,637 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%.

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