Bonanza Creek Energy, Inc. (NYSE:BCEI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.

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 equities analysts also recently weighed in on BCEI. KeyCorp reiterated a “hold” rating on shares of Bonanza Creek Energy in a research report on Wednesday, September 6th. BidaskClub upgraded Bonanza Creek Energy from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. BMO Capital Markets restated a “hold” rating and set a $25.00 price target on shares of Bonanza Creek Energy in a research note on Friday, September 1st. Finally, ValuEngine lowered Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $30.50.

Shares of Bonanza Creek Energy (NYSE:BCEI) traded up 4.65% on Monday, reaching $29.04. The company’s stock had a trading volume of 163,516 shares. Bonanza Creek Energy has a 1-year low of $23.33 and a 1-year high of $40.60. The stock’s market capitalization is $593.26 million. The company has a 50 day moving average of $27.17 and a 200 day moving average of $62.80.

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Several hedge funds have recently bought and sold shares of the company. Legal & General Group Plc acquired a new stake in shares of Bonanza Creek Energy in the second quarter valued at about $156,000. Westwood Holdings Group Inc. acquired a new stake in shares of Bonanza Creek Energy in the second quarter valued at about $181,000. Strs Ohio acquired a new stake in shares of Bonanza Creek Energy in the second quarter valued at about $199,000. Voya Investment Management LLC acquired a new stake in shares of Bonanza Creek Energy in the second quarter valued at about $304,000. Finally, Nationwide Fund Advisors acquired a new stake in shares of Bonanza Creek Energy in the second quarter valued at about $366,000. Institutional investors and hedge funds own 91.04% of the company’s stock.

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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