Bonanza Creek Energy, Inc. Comm (NYSE:BCEI).
On July 27 the company was downgraded from “Neutral” to “Reduce” in a statement from SunTrust Robinson Humphrey. July 20 investment analysts at Deutsche Bank held the stock rating at “Hold” but lowered the price expectation from $3.50 to $2.50.
Imperial Capital downgraded the stock and raised the price target 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 company 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 company was rated “Underperform” in a report from Macquarie which is down from the previous “Neutral” rating.
The company is now up by 13.51 percent from yesterday’s close. Company chares are trading at $1.05 marginally over the 50 day moving average which is $1.02 and barely below the 200 day moving average of $1.90. The 50 day moving average was up $0.03 or +2.94% whereas the 200 day moving average was down $-0.85 or -44.68%.
As of the last earnings report the EPS was $-15.96 and is projected to be $-1.37 for the current year with 49,723,000 shares outstanding. Next quarter’s EPS is forecasted to be $-0.27 with next year’s EPS projected to be $-1.00.