Bonanza Creek Energy (NYSE:BCEI) target bumped up to $1.00, released a ratings update earlier today by Stifel
- Updated: September 28, 2016
Stifel bumped up the target of Bonanza Creek Energy (NYSE:BCEI) to $1.00 indicating a possible downside of -0.05%.
Previously on 8/5/2016, Deutsche Bank reported about Bonanza Creek Energy (NYSE:BCEI) lowered the target price from $2.50 to $1.00. At the time, this indicated a possible upside of 0.27%.
Yesterday Bonanza Creek Energy (NYSE:BCEI) traded 14.01% higher at $1.05. The company’s 50-day moving average is $1.02 and its 200-day moving average is $1.90. The last stock close price is down -44.68% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 3,812,549 shares of the stock were exchanged, up from an average trading volume of 3,184,490
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Bonanza Creek Energy has a 52 week low of $0.60 and a 52 week high of $9.54 BCEI’s total market value is presently $0.
A total of 21 analysts have released a report on Bonanza Creek Energy. zero analysts rating the company a strong buy, one analyst rating the company a buy, twenty analysts rating the company a hold, three analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $2.98.
More About Bonanza Creek Energy (NYSE:BCEI)
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. 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. The main areas in which the Company operates in the Rocky Mountain region are the Wattenberg Field in Weld County, Colorado and the North Park Basin in Jackson County, Colorado. Its Wattenberg Field operations are in the oil and liquids-weighted extension area of the Wattenberg Field targeting the Niobrara and Codell formations. In southern Arkansas, it targets the oil-rich Cotton Valley sands in the Dorcheat Macedonia and McKamie Patton Fields.
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