Bonanza Creek Energy (NYSE:BCEI) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other analysts also recently commented on the stock. KeyCorp restated a “hold” rating on shares of Bonanza Creek Energy in a report on Monday, November 13th. Zacks Investment Research cut shares of Bonanza Creek Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. BMO Capital Markets set a $25.00 price target on shares of Bonanza Creek Energy and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Finally, BidaskClub raised shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $28.50.

Bonanza Creek Energy (NYSE BCEI) opened at $28.15 on Wednesday. The stock has a market cap of $584.97 and a PE ratio of -0.06. Bonanza Creek Energy has a 52-week low of $23.33 and a 52-week high of $40.60.

Bonanza Creek Energy (NYSE:BCEI) last announced its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.68. The business had revenue of $45.23 million for the quarter, compared to the consensus estimate of $45.63 million. Bonanza Creek Energy had a negative net margin of 33.79% and a negative return on equity of 3.17%. equities research analysts forecast that Bonanza Creek Energy will post 0.49 EPS for the current year.

In other Bonanza Creek Energy news, major shareholder Whitebox Advisors Llc sold 500,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $32.01, for a total transaction of $16,005,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Legal & General Group Plc acquired a new stake in shares of Bonanza Creek Energy during the second quarter worth $156,000. Westwood Holdings Group Inc. acquired a new stake in shares of Bonanza Creek Energy during the second quarter worth $181,000. Voya Investment Management LLC acquired a new stake in shares of Bonanza Creek Energy during the second quarter worth $304,000. Nationwide Fund Advisors acquired a new stake in shares of Bonanza Creek Energy during the second quarter worth $366,000. Finally, American Century Companies Inc. acquired a new stake in shares of Bonanza Creek Energy during the second quarter worth $396,000. 91.25% of the stock is owned by institutional investors and hedge funds.

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About Bonanza Creek Energy

Bonanza Creek Energy, Inc (Bonanza Creek) is an independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company’s oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado and the Dorcheat Macedonia Field in southern Arkansas.

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