Bonanza Creek Energy (NYSE:BCEI) Trading 10.4% Higher

Bonanza Creek Energy Inc (NYSE:BCEI) traded up 10.4% during trading on Monday . The company traded as high as $26.75 and last traded at $26.00, 438,990 shares traded hands during mid-day trading. An increase of 114% from the average session volume of 204,717 shares. The stock had previously closed at $23.55.

A number of equities research analysts recently commented on the company. Capital One Financial raised Bonanza Creek Energy from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Imperial Capital reissued an “outperform” rating and issued a $30.00 price target (up from $28.00) on shares of Bonanza Creek Energy in a research report on Wednesday, July 24th. KeyCorp assumed coverage on Bonanza Creek Energy in a research report on Tuesday, September 3rd. They issued an “overweight” rating and a $26.00 price target for the company. Zacks Investment Research lowered Bonanza Creek Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 23rd. Finally, SunTrust Banks set a $24.00 price target on Bonanza Creek Energy and gave the company a “hold” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $26.75.

The firm has a market capitalization of $487.58 million, a PE ratio of 4.97 and a beta of 1.48. The business has a 50-day moving average of $22.32 and a 200 day moving average of $21.91. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10.



In related news, CAO Sandra Garbiso sold 2,813 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $21.99, for a total value of $61,857.87. Following the completion of the sale, the chief accounting officer now directly owns 11,060 shares of the company’s stock, valued at approximately $243,209.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

Large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Bonanza Creek Energy by 136.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,239 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 715 shares during the period. Parallel Advisors LLC bought a new position in Bonanza Creek Energy in the 2nd quarter valued at $27,000. Bank of Montreal Can bought a new position in Bonanza Creek Energy in the 2nd quarter valued at $40,000. Denali Advisors LLC bought a new position in Bonanza Creek Energy in the 2nd quarter valued at $77,000. Finally, BNP Paribas Arbitrage SA grew its stake in Bonanza Creek Energy by 48,962.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,925 shares of the oil and gas producer’s stock valued at $89,000 after purchasing an additional 3,917 shares during the period.

Bonanza Creek Energy Company Profile (NYSE:BCEI)

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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