Bonanza Creek Energy (BCEI) has been under a strong bear grip, hence the stock is down -1.39% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.56% in the past 1 week. The stock has risen by 5.73% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.92% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 6.76% and the 50-Day Moving Average is 4.53%.The 200 Day SMA reached 54.39%
Bonanza Creek Energy (NYSE:BCEI): After opening at $0.98, the stock dipped to an intraday low of $0.98 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $1.04 and the buying power remained strong till the end. The stock closed at $1.02 for the day, a gain of 4.08% for the day session. The total traded volume was 1,514,046. The stocks close on the previous trading day was $1.02.
Bonanza Creek Energy (BCEI) : Average target price received by Bonanza Creek Energy (BCEI) is $1.91 with an expected standard deviation of $1.31. The most aggressive target on the stock is $6, whereas the most downbeat target is $1. 12 financial analysts are currently covering the stock.
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%.