Bonanza Creek Energy (BCEI) : Zacks Investment Research ranks Bonanza Creek Energy (BCEI) as 3, which is a Hold recommendation. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 5 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 3.59, which indicates as a Sell.
Bonanza Creek Energy (BCEI) : 12 investment research analysts covering Bonanza Creek Energy (BCEI) have an average price target of $1.99 for the near short term. The highest target price given by the Brokerage Firm to the stock is $6 and the lowest target is $1 for the short term. Analysts expect the variance to be within $1.28 of the average price.
Also, 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 $2.5 per share to $1 per share. The rating by the firm was issued on August 5, 2016.
Bonanza Creek Energy (NYSE:BCEI): The stock was completely flat for the day, closing at $1.16 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $1.17, the stock touched an intraday high of $1.17 and a low of $1.04. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $1.16. The total trading volume on Thursday was 2,352,471.
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%.