Shares of Bonanza Creek Energy Inc. (NYSE:BCEI) have earned an average recommendation of “Hold” from the twenty-two ratings firms that are currently covering the firm. Eight equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $3.24.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus raised shares of Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research report on Thursday, September 29th. JPMorgan Chase & Co. cut shares of Bonanza Creek Energy from a “neutral” rating to an “underweight” rating in a research report on Tuesday, August 2nd. Wunderlich cut shares of Bonanza Creek Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd. Finally, SunTrust Banks Inc. cut shares of Bonanza Creek Energy from a “neutral” rating to a “reduce” rating in a research report on Wednesday, July 27th.

Bonanza Creek Energy (NYSE:BCEI) opened at 0.9324 on Tuesday. The company’s market cap is $46.36 million. The firm’s 50 day moving average is $1.00 and its 200-day moving average is $1.69. Bonanza Creek Energy has a 52 week low of $0.60 and a 52 week high of $8.96.

Bonanza Creek Energy (NYSE:BCEI) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by $0.07. Bonanza Creek Energy had a negative return on equity of 48.69% and a negative net margin of 343.94%. The firm had revenue of $49.30 million for the quarter, compared to analysts’ expectations of $50.92 million. During the same period in the prior year, the firm posted ($0.07) earnings per share. Bonanza Creek Energy’s revenue for the quarter was down 31.6% on a year-over-year basis. On average, analysts predict that Bonanza Creek Energy will post ($1.42) earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. A.R.T. Advisors LLC increased its stake in Bonanza Creek Energy by 5,247.1% in the first quarter. A.R.T. Advisors LLC now owns 918,688 shares of the company’s stock valued at $1,460,000 after buying an additional 901,507 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Bonanza Creek Energy by 56.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,183,986 shares of the company’s stock valued at $1,208,000 after buying an additional 428,432 shares during the period. Bank of New York Mellon Corp increased its stake in Bonanza Creek Energy by 26.6% in the third quarter. Bank of New York Mellon Corp now owns 1,642,050 shares of the company’s stock valued at $1,675,000 after buying an additional 344,712 shares during the period. California Public Employees Retirement System increased its stake in Bonanza Creek Energy by 111.4% in the third quarter. California Public Employees Retirement System now owns 636,400 shares of the company’s stock valued at $649,000 after buying an additional 335,400 shares during the period. Finally, KBC Group NV acquired a new stake in Bonanza Creek Energy during the second quarter valued at approximately $509,000. 73.25% of the stock is currently owned by institutional investors and hedge funds.

About Bonanza Creek Energy

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.

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