Bonanza Creek Energy (BCEI) : 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Bonanza Creek Energy (BCEI). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 6 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 20 Wall Street Analysts endorse the stock as a Sell with a rating of 3.6.
Bonanza Creek Energy (BCEI) : The highest level Bonanza Creek Energy (BCEI) is projected to reach is $6 for the short term and the lowest estimate is at $1. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $2.18 and the possibility the share price can swing is $1.35.
The shares have received a consensus rating of Sell for the current week Bonanza Creek Energy (NYSE:BCEI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.78 and $0.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.82, notching a gain of 4.12% for the day. The total traded volume was 1,880,449 . The stock had closed at $0.78 on the previous day.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Sr. VP, Planning & Reserves) of Bonanza Creek Energy, Inc., Boone Lynn had purchased shares worth of $231,110 in a transaction dated on December 5, 2014. A total of 11,000 shares were purchased at a price of $21.01 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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%.