Deutsche Bank Maintains Bonanza Creek Energy Inc to Hold with Price Target $1.00

Brokerage firm Deutsche Bank Maintains its rating on Bonanza Creek Energy Inc(NYSE:BCEI). In a research note issued to the investors, the brokerage major Lowers the price-target to $1.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 5, 2016.

In a different note, On Aug 2, 2016, Wunderlich said it Downgrades its rating on Bonanza Creek Energy Inc. The shares have been rated ‘Sell’ by the firm. On Jul 27, 2016, SunTrust Robinson Humphrey said it Downgrades its rating on Bonanza Creek Energy Inc. The shares have been rated ‘Reduce’ by the firm. On Jul 20, 2016, Deutsche Bank said it Maintains its rating on Bonanza Creek Energy Inc. In the research note, the firm Lowers the price-target to $3.50 per share. The shares have been rated ‘Hold’ by the firm. On Jun 14, 2016, Deutsche Bank said it Maintains its rating on Bonanza Creek Energy Inc. In the research note, the firm Lowers the price-target to $4.00 per share. The shares have been rated ‘Hold’ by the firm. On May 25, 2016, Imperial Capital said it Downgrades its rating on Bonanza Creek Energy Inc. The shares have been rated ‘Underperform’ by the firm. On May 9, 2016, Macquarie said it Downgrades its rating on Bonanza Creek Energy Inc. The shares have been rated ‘Underperform’ by the firm.

Bonanza Creek Energy Inc (BCEI) made into the market gainers list on Wednesdays trading session with the shares advancing 45.13% or 0.3918 points. Due to strong positive momentum, the stock ended at $1.26, which is also near the day’s high of $1.36. The stock began the session at $0.8747 and the volume stood at 1,12,37,984 shares. The 52-week high of the shares is $9.54 and the 52 week low is $0.6. The company has a current market capitalization of $63 M and it has 4,97,23,220 shares in outstanding.

Bonanza Creek Energy Inc(BCEI) last announced its earnings results on Aug 1, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $54.53M. Analysts had an estimated revenue of $54.36M. Earnings per share were $-0.40. Analysts had estimated an EPS of $-0.28.

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%.

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