Bonanza Creek Energy (BCEI) : Zacks Investment Research ranks Bonanza Creek Energy (BCEI) as 3, which is a Hold recommendation. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 4 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 14 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 20 research analysts is 3.4, which indicates as a Hold.
Bonanza Creek Energy (BCEI) : Currently there are 14 street experts covering Bonanza Creek Energy (BCEI) stock. The most bullish and bearish price target for the stock is $6 and $1 respectively for the short term. The average price target of all the analysts comes to $2.54. The estimated standard deviation from the target is $1.28.
Bonanza Creek Energy (NYSE:BCEI): The stock opened at $1.91 on Wednesday but the bulls could not build on the opening and the stock topped out at $2.00 for the day. The stock traded down to $1.86 during the day, due to lack of any buying support eventually closed down at $1.91 with a loss of -2.05% for the day. The stock had closed at $1.95 on the previous day. The total traded volume was 1,299,453 shares.
Also, Major Brokerage house, Deutsche Bank maintains its ratings on Bonanza Creek Energy (NYSE:BCEI). In the latest research report, Deutsche Bank lowers the target price from $4 per share to $3.5 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on June 14, 2016. The company shares have dropped -86.63% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $15.78 and the one year low was seen on Mar 1, 2016. The 50-Day Moving Average price is $2.51 and the 200 Day Moving Average price is recorded at $2.68.
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%.