BCEI has been the topic of a number of other research reports. Zacks Investment Research raised Bonanza Creek Energy from a sell rating to a buy rating and set a $27.00 price objective on the stock in a report on Wednesday, May 1st. TheStreet raised Bonanza Creek Energy from a d rating to a c- rating in a report on Friday, March 15th. Finally, Imperial Capital reaffirmed an outperform rating and issued a $35.00 price objective (up previously from $33.00) on shares of Bonanza Creek Energy in a report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Bonanza Creek Energy currently has a consensus rating of Hold and a consensus target price of $34.25.
Shares of BCEI opened at $21.09 on Thursday. Bonanza Creek Energy has a twelve month low of $18.41 and a twelve month high of $40.38. The company has a market capitalization of $499.11 million, a price-to-earnings ratio of 5.09 and a beta of 1.52. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.17 and a current ratio of 1.19.
Large investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Bonanza Creek Energy by 136.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,239 shares of the oil and gas producer’s stock worth $28,000 after acquiring an additional 715 shares in the last quarter. Flinton Capital Management LLC boosted its stake in shares of Bonanza Creek Energy by 69.8% during the 4th quarter. Flinton Capital Management LLC now owns 2,608 shares of the oil and gas producer’s stock worth $54,000 after acquiring an additional 1,072 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Bonanza Creek Energy during the 1st quarter worth approximately $75,000. BNP Paribas Arbitrage SA boosted its stake in shares of Bonanza Creek Energy by 48,962.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,925 shares of the oil and gas producer’s stock worth $89,000 after acquiring an additional 3,917 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new stake in shares of Bonanza Creek Energy during the 4th quarter worth approximately $147,000.
About Bonanza Creek Energy
Bonanza Creek Energy, Inc, an exploration and production company, focuses on the extraction of onshore oil and related liquids-rich natural gas in the United States. The company's primary oil and liquids-weighted assets are located in the Wattenberg Field in Colorado. As of December 31, 2018, it had proved reserves of 116.8 million barrel of oil equivalent.
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