Bonanza Creek Energy (BCEI) has risen sharply, recording gains of 8.43% in the past 4 weeks. However, the stock has corrected -13.78% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 8.66% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The shares have received a consensus rating of Sell for the current week The stock has recorded a twenty day Moving Average of 0.73% and the fifty day Moving Average is 35.81%. Bonanza Creek Energy, Inc. has dropped 65.58% during the last three month period . Year-to-Date the stock performance stands at -83.48%.
Bonanza Creek Energy (BCEI) : The consensus price target for Bonanza Creek Energy (BCEI) is $1.88 for the short term with a standard deviation of $1.3. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $6, however, the pessimist price target for the company is $1.
Bonanza Creek Energy (NYSE:BCEI): stock turned positive on Friday. Though the stock opened at $0.8799, the bulls momentum made the stock top out at $0.8913 level for the day. The stock recorded a low of $0.813 and closed the trading day at $0.8708, in the green by 2.45%. The total traded volume for the day was 1,709,459. The stock had closed at $0.85 in the previous days trading.
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%.