Reaffirmed: Bonanza Creek Energy (BCEI) “Outperform” Rating Reconfirmed by Telsey Advisory; $50.0 Target in Place

August 10, 2018 - By Hannah Black

Bonanza Creek Energy, Inc. (NYSE:BCEI) Logo

Bonanza Creek Energy (BCEI) Rating Reaffirmed

In a report shared with investors and clients on Friday morning, The “Outperform” rating of Bonanza Creek Energy (BCEI) shares was reaffirmed at Telsey Advisory, who now has a $50.0 target on the stock. Telsey Advisory’s target gives a possible upside of 48.54 % from the current stock price of the company.

The stock decreased 3.80% or $1.28 during the last trading session, reaching $32.38. About 323,090 shares traded. Bonanza Creek Energy, Inc. (BCEI) has declined 5.92% since August 11, 2017 and is downtrending. It has underperformed by 18.49% 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 $663.68 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 has a 10.8 P/E ratio. It also owns and operates oil-producing assets in the North Park Basin in Colorado; and the McKamie Patton Field in southern Arkansas.

More important recent Bonanza Creek Energy, Inc. (NYSE:BCEI) news were published by: Benzinga.com which released: “US Shale, Offshore, Latin American and Private Oil and Gas Producers to Speak at EnerCom’s – The Oil & Gas …” on August 09, 2018, also Nasdaq.com published article titled: “Mid-Afternoon Market Update: NASDAQ Down 1%; Bridgepoint Education Shares Gain After Q2 Results”, Nasdaq.com published: “Bonanza Creek to Present at EnerCom” on August 02, 2018. More interesting news about Bonanza Creek Energy, Inc. (NYSE:BCEI) was released by: Globenewswire.com and their article: “Bonanza Creek Energy Announces the Divestiture of Mid-Continent Operations” with publication date: August 06, 2018.

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