Bonanza Creek Energy (BCEI) : The consensus price target for Bonanza Creek Energy (BCEI) is $1.99 for the short term with a standard deviation of $1.28. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $6, however, the pessimist price target for the company is $1.
Bonanza Creek Energy (BCEI) : 17 analysts are covering Bonanza Creek Energy (BCEI) and their average rating on the stock is 3.59, which is read as a Sell. Bonanza Creek Energy (BCEI) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 5 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Major Brokerage house, Deutsche Bank maintains its ratings on Bonanza Creek Energy (NYSE:BCEI). In the latest research report, Deutsche Bank lowers the target price from $2.5 per share to $1 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on August 5, 2016.
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 $1.01 and $0.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.03, notching a gain of 0.98% for the day. The total traded volume was 947,194 . The stock had closed at $1.02 on the previous day.
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%.