In the market the company is trading down from yesterday’s close of $31.28. Shares of the company are trading at $30.74 a tad below the 50 day moving average which is $36.94 and just below the 200 day moving average of $139.18. The 50 day moving average moved down $-6.18 and the 200 day average was down $-108.42.
Bonanza Creek Energy, Inc. (Bonanza Creek), launched on December 2, 2010, 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 Business’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..
These funds have also shifted positions in (BCEI). Morgan Stanley bolstered its investment by buying 900 shares an increase of 30.1% from 12/31/2016 to 03/31/2017. Morgan Stanley claims 3,892 shares with a value of $5,000. The value of the position overall is up by 66.7%. Tower Research Capital LLC (trc) added to its stake by buying 16,148 shares an increase of 21,530.7% as of 03/31/2017. Tower Research Capital LLC (trc) currently owns 16,223 shares valued at $19,000. The total value of its holdings increased 0.0%.
As of the end of the quarter Goldman Sachs Group Inc had bought a total of 10,300 shares growing its stake by 286.1%. The value of the investment in Bonanza Creek Energy, Inc. Comm went from $4,000 to $16,000 increasing 300.0% quarter over quarter. Fir Tree Inc. expanded its holdings by buying 4,773,570 shares an increase of 125.2% in the quarter. Fir Tree Inc. controls 8,586,485 shares worth $9,960,000. The total value of its holdings increased 156.1%.
On September 29 the company was set at “Hold” in a report from Stifel Nicolaus which is up from the previous “Sell” rating. On July 27 the company was downgraded from “Neutral” to “Reduce” in an announcement from SunTrust Robinson Humphrey.
On July 20 Deutsche Bank maintained a stock rating of “Hold” and moved down the price target from $3.50 to $2.50. Equity analyst Imperial Capital raised the price target and downgraded the stock on May 25 changing the price objective from $1.00 to $1.50 and altering the rating from “In-line” to “Underperform”.
On May 25 the stock rating was downgraded to “Underperform” from “In-line” with a current price target of $1.50 in a report from Imperial Capital. On May 9 the stock rating was downgraded to “Underperform” from “Neutral” by Macquarie.
In the latest earnings report the EPS was $-557.01 and is estimated to be $-51.89 for the current year with 20,346,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $-13.35 and the next full year EPS is anticipated to be $-59.27.