Bonanza Creek Energy (NYSE:BCEI) : The consensus on Bonanza Creek Energy (NYSE:BCEI) based on 20 analyst recommendation on the company stock is 3.4, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 14 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 4 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Bonanza Creek Energy (NYSE:BCEI).
Bonanza Creek Energy (NYSE:BCEI) : The consensus price target for Bonanza Creek Energy (NYSE:BCEI) is $2.54 for the short term with a standard deviation of $1.28. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $6, however, the pessimist price target for the company is $1.
Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Deutsche Bank maintains its rating on Bonanza Creek Energy (NYSE:BCEI).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Deutsche Bank lowers the new price target from $4 per share to $3.5 per share. The rating by the firm was issued on June 14, 2016.
Bonanza Creek Energy (NYSE:BCEI): stock turned positive on Tuesday. Though the stock opened at $2.12, the bulls momentum made the stock top out at $2.15 level for the day. The stock recorded a low of $1.96 and closed the trading day at $1.96, in the green by 2.08%. The total traded volume for the day was 1,946,892. The stock had closed at $1.92 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Sr. VP, Planning & Reserves) of Bonanza Creek Energy, Inc., Boone Lynn, had purchased 11,000 shares in a transaction dated on December 5, 2014. The transaction was executed at $21.01 per share with total amount equaling $231,110.
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%.