Bonanza Creek Energy (BCEI) has risen sharply, recording gains of 14.85% in the past 4 weeks. However, the stock has corrected -10.77% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 17.23% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 9.54% and the 50-Day Moving Average is 8.39%.The 200 Day SMA reached 54.23% Bonanza Creek Energy, Inc. has dropped 51.26% during the last 3-month period . Year-to-Date the stock performance stands at -77.99%.
Bonanza Creek Energy (BCEI) : Average target price received by Bonanza Creek Energy (BCEI) is $1.99 with an expected standard deviation of $1.28. The most aggressive target on the stock is $6, whereas the most downbeat target is $1. 12 financial analysts are currently covering the stock.
The shares have received a consensus rating of Sell for the current week Bonanza Creek Energy (NYSE:BCEI): The stock was completely flat for the day, closing at $1.16 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $1.12, the stock touched an intraday high of $1.16 and a low of $1.07. 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 Friday was 1,310,960.
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%.