Bonanza Creek Energy (BCEI) has been under a strong bear grip, hence the stock is down -27% 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 1.18% in the past 1 week. The stock has risen by 1.23% in the past week indicating that the buyers are active at lower levels, but the stock is down -26.25% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 9.67% and the 50-Day Moving Average is 52.3%. Bonanza Creek Energy (NYSE:BCEI): On Fridays trading session , Opening price of the stock was $0.8491 with an intraday high of $0.86. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $0.79. However, the stock managed to close at $0.8039, a loss of 1.54% for the day. On the previous day, the stock had closed at $0.8165. The total traded volume of the day was 1,196,045 shares.
The company Insiders own 0.57% of Bonanza Creek Energy shares according to the proxy statements. Institutional Investors own 87.48% of Bonanza Creek Energy shares. Also, Deutsche Bank maintains its rating on Bonanza Creek Energy (NYSE:BCEI). The global brokerage major lowers the current price target from $2.5 per share to $1 per share. Analysts at the Deutsche Bank have a current rating of Hold on the shares. The rating by the firm was issued on August 5, 2016.
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%.