Bonanza Creek Energy Inc. (NYSE:BCEI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

According to Zacks, “Bonanza Creek Energy, Inc. is engaged in the acquisition, exploration and development of onshore oil and natural gas properties in the United States. The Company’s core operating areas are the DJ Basin in Colorado and the Cotton Valley formation in southern Arkansas. Bonanza Creek Energy, Inc. is based in Denver, Colorado. “

Several other research analysts have also commented on BCEI. Deutsche Bank AG cut their price objective on Bonanza Creek Energy from $4.00 to $3.50 and set a “hold” rating on the stock in a research report on Tuesday, June 14th. Cantor Fitzgerald reissued a “hold” rating and issued a $3.00 price objective on shares of Bonanza Creek Energy in a research report on Wednesday, July 6th. SunTrust Banks Inc. downgraded Bonanza Creek Energy from a “neutral” rating to a “reduce” rating in a research note on Wednesday, July 27th. Wunderlich downgraded Bonanza Creek Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. downgraded Bonanza Creek Energy from a “neutral” rating to an “underweight” rating in a research note on Tuesday, August 2nd. Nine research analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. Bonanza Creek Energy currently has a consensus rating of “Hold” and a consensus target price of $6.82.

Analyst Recommendations for Bonanza Creek Energy (NYSE:BCEI)

Bonanza Creek Energy (NYSE:BCEI) traded down 1.83% during mid-day trading on Tuesday, reaching $1.07. The company’s stock had a trading volume of 1,006,873 shares. The firm’s market capitalization is $53.20 million. Bonanza Creek Energy has a 12 month low of $0.60 and a 12 month high of $9.54. The stock’s 50-day moving average is $1.05 and its 200-day moving average is $1.85.

Bonanza Creek Energy (NYSE:BCEI) last released its quarterly earnings data on Monday, August 1st. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.28) by $0.12. Bonanza Creek Energy had a negative net margin of 343.45% and a negative return on equity of 20.86%. On average, equities analysts anticipate that Bonanza Creek Energy will post ($1.38) EPS for the current year.

A number of institutional investors have recently bought and sold shares of the company. Paloma Partners Management Co bought a new position in shares of Bonanza Creek Energy during the second quarter worth approximately $226,000. Bridgeway Capital Management Inc. increased its position in shares of Bonanza Creek Energy by 571.4% in the second quarter. Bridgeway Capital Management Inc. now owns 141,000 shares of the company’s stock worth $283,000 after buying an additional 120,000 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Bonanza Creek Energy by 2.5% in the second quarter. Principal Financial Group Inc. now owns 286,330 shares of the company’s stock worth $576,000 after buying an additional 6,994 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Bonanza Creek Energy by 1.0% in the second quarter. Prudential Financial Inc. now owns 94,320 shares of the company’s stock worth $190,000 after buying an additional 950 shares during the last quarter. Finally, Airain ltd bought a new position in shares of Bonanza Creek Energy during the second quarter worth approximately $348,000. Institutional investors and hedge funds own 72.83% of the company’s stock.

Bonanza Creek Energy Company Profile

Bonanza Creek Energy, Inc (Bonanza Creek) is an independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company’s oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado and the Dorcheat Macedonia Field in southern Arkansas.

5 Day Chart for NYSE:BCEI

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