Stifel Nicolaus upgraded Bonanza Creek Energy Inc (NYSE:BCEI) from Sell to Hold in a report released today.
- Updated: October 1, 2016
Stifel Nicolaus has upgraded Bonanza Creek Energy Inc (NYSE:BCEI) from Sell to Hold in a report released on 9/29/2016.
Previously on 08/05/2016, Deutsche Bank reported on Bonanza Creek Energy Inc (NYSE:BCEI) reduced the target price from $2.50 to $1.00. At the time, this indicated a possible upside of 0.27%.
Yesterday Bonanza Creek Energy Inc (NYSE:BCEI) traded 4.08% higher at $1.05. The company’s 50-day moving average is $1.03 and its 200-day moving average is $1.88. The last closing price is down -45.83% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 1,514,046 shares of the stock traded hands, down from an average trading volume of 3,206,330
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Bonanza Creek Energy Inc has a 52 week low of $0.60 and a 52 week high of $9.54 Bonanza Creek Energy Inc’s market capitalization is currently $0.
In addition to Stifel Nicolaus reporting its stock price target, a total of 21 brokerages have issued a ratings update on the company. The average stock price target is $2.98 with 0 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 20 brokerages rating the stock a hold, 3 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On Bonanza Creek Energy Inc (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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