Shares of Bonanza Creek Energy, Inc. (NYSE:BCEI) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating. The average twelve-month target price among brokerages that have covered the stock in the last year is $25.00.

A number of analysts have recently issued reports on BCEI shares. BidaskClub cut Bonanza Creek Energy from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Zacks Investment Research cut Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 9th. BMO Capital Markets set a $25.00 price objective on Bonanza Creek Energy and gave the company a “hold” rating in a research report on Tuesday, October 10th. ValuEngine upgraded Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, KeyCorp reiterated a “hold” rating on shares of Bonanza Creek Energy in a research report on Monday, November 13th.

In other Bonanza Creek Energy news, major shareholder Whitebox Advisors Llc sold 300,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $31.59, for a total value of $9,477,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.57% of the company’s stock.

A number of large investors have recently made changes to their positions in BCEI. Scoggin Management LP acquired a new position in Bonanza Creek Energy in the third quarter worth $412,000. Cubist Systematic Strategies LLC acquired a new position in Bonanza Creek Energy in the third quarter worth $553,000. Gen IV Investment Opportunities LLC boosted its stake in Bonanza Creek Energy by 4.1% in the third quarter. Gen IV Investment Opportunities LLC now owns 1,049,952 shares of the oil and gas producer’s stock worth $34,638,000 after purchasing an additional 41,593 shares in the last quarter. Highbridge Capital Management LLC boosted its stake in Bonanza Creek Energy by 239.4% in the third quarter. Highbridge Capital Management LLC now owns 208,000 shares of the oil and gas producer’s stock worth $6,862,000 after purchasing an additional 146,724 shares in the last quarter. Finally, Mangrove Partners boosted its stake in Bonanza Creek Energy by 35.9% in the third quarter. Mangrove Partners now owns 1,702,500 shares of the oil and gas producer’s stock worth $56,165,000 after purchasing an additional 450,000 shares in the last quarter. Hedge funds and other institutional investors own 91.25% of the company’s stock.

Bonanza Creek Energy (BCEI) traded down $0.53 on Monday, hitting $28.80. The stock had a trading volume of 175,900 shares, compared to its average volume of 303,589. The company has a market capitalization of $589.06, a PE ratio of -0.19 and a beta of 2.01. Bonanza Creek Energy has a 1-year low of $23.33 and a 1-year high of $40.60.

Bonanza Creek Energy (NYSE:BCEI) last released its quarterly earnings data on Wednesday, November 8th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.68. The business had revenue of $45.23 million for the quarter, compared to analysts’ expectations of $45.63 million. Bonanza Creek Energy had a negative return on equity of 3.17% and a negative net margin of 33.79%. sell-side analysts forecast that Bonanza Creek Energy will post 0.49 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This story was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2018/01/15/bonanza-creek-energy-inc-bcei-given-average-rating-of-hold-by-analysts.html.

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.

Receive News & Ratings for Bonanza Creek Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bonanza Creek Energy and related companies with MarketBeat.com's FREE daily email newsletter.