Bonanza Creek Energy Incorporated (NYSE:BCEI) on Focus After Report of Less Shorts

January 13, 2018 - By Dolores Ford

 Bonanza Creek Energy Incorporated (NYSE:BCEI) on Focus After Report of Less Shorts

The stock of Bonanza Creek Energy Incorporated (NYSE:BCEI) registered a decrease of 15.15% in short interest. BCEI’s total short interest was 475,100 shares in January as published by FINRA. Its down 15.15% from 559,900 shares, reported previously. With 729,200 shares average volume, it will take short sellers 1 days to cover their BCEI’s short positions.

The stock decreased 1.81% or $0.53 during the last trading session, reaching $28.8. About 175,990 shares traded. Bonanza Creek Energy, Inc. (NYSE:BCEI) has declined 89.11% since January 13, 2017 and is downtrending. It has underperformed by 105.81% the S&P500.

Bonanza Creek Energy, Inc., an independent oil and natural gas company, engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the United States. The company has market cap of $589.06 million. The companyÂ’s oil and liquids-weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas. It currently has negative earnings. It also 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. (NYSE:BCEI) Ratings Coverage

Among 18 analysts covering Bonanza Creek Energy (NYSE:BCEI), 2 have Buy rating, 5 Sell and 11 Hold. Therefore 11% are positive. Bonanza Creek Energy has $3500 highest and $1 lowest target. $10.33’s average target is -64.13% below currents $28.8 stock price. Bonanza Creek Energy had 48 analyst reports since July 28, 2015 according to SRatingsIntel. On Wednesday, September 9 the stock rating was downgraded by Macquarie Research to “Neutral”. The stock has “Hold” rating by Deutsche Bank on Wednesday, October 14. The stock of Bonanza Creek Energy, Inc. (NYSE:BCEI) earned “Outperform” rating by Northland Capital on Wednesday, July 29. The firm earned “Hold” rating on Tuesday, October 10 by BMO Capital Markets. The company was maintained on Monday, November 9 by Wunderlich. The company was maintained on Wednesday, March 2 by Macquarie Research. The firm has “Hold” rating given on Thursday, November 9 by BMO Capital Markets. The firm has “In-Line” rating given on Wednesday, March 2 by Imperial Capital. The stock of Bonanza Creek Energy, Inc. (NYSE:BCEI) has “Buy” rating given on Tuesday, July 28 by Topeka Capital Markets. SunTrust downgraded the shares of BCEI in report on Wednesday, July 27 to “Reduce” rating.

More notable recent Bonanza Creek Energy, Inc. (NYSE:BCEI) news were published by: Seekingalpha.com which released: “Bonanza Creek Energy’s Bankruptcy Plan Is Approved – What Is The Common Worth?” on April 11, 2017, also Zacks.com with their article: “Why You Shouldn’t Bet Against Bonanza Creek Energy, Inc. (BCEI) Stock July 05 …” published on July 05, 2016, Fool.com published: “Why Bonanza Creek Energy, Adtran, and Weight Watchers International Slumped Today” on December 29, 2017. More interesting news about Bonanza Creek Energy, Inc. (NYSE:BCEI) were released by: Marketwatch.com and their article: “Bonanza Creek Energy Inc.” published on December 15, 2011 as well as Denverpost.com‘s news article titled: “Denver’s Bonanza Creek Energy agrees to merger worth $746 million” with publication date: November 16, 2017.

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