Bonanza Creek Energy Inc (NYSE:BCEI):
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Bonanza Creek Energy, Inc..
In the market the company is trading up from yesterday’s close of 30.65.
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..
Bonanza Creek Energy Inc currently has a P/E ratio of N/A and market capitalization is 627.11M. As of the latest earnings report the EPS was $-451.77 with 20.45M shares presently outstanding.
Traders are feeling more bearish lately considering the increase in short interest. The company realized a rise in short interest of 7.85% between October 13, 2017 and October 31, 2017. Short interest grew from 534,143 to 576,088 over that period. With short interest at 576,088 and short average daily volume at 106,099, the short-interest ratio is 5.0 and the short interest percentage is 0.03% as of October 31.
Several brokerage analysts have issued ratings on the stock recently. On October 10 analysts at BMO Capital Markets updated guidance on BCEI with a rating of “Hold” and a price target of $25.00. September 6 investment analysts at KeyCorp maintained a “Hold” rating on the company.
On September 1 BMO Capital Markets maintained a stock rating of “Hold” projecting a price of $25.00.