What’s Bonanza Creek Energy Inc (NYSE:BCEI) Upside After This Short Interest Decrease?

May 17, 2018 - By Jason Grubb

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

The stock of Bonanza Creek Energy Inc (NYSE:BCEI) registered a decrease of 1.68% in short interest. BCEI’s total short interest was 788,600 shares in May as published by FINRA. Its down 1.68% from 802,100 shares, reported previously. With 177,600 shares average volume, it will take short sellers 4 days to cover their BCEI’s short positions. The short interest to Bonanza Creek Energy Inc’s float is 5.05%.

The stock increased 7.69% or $2.56 during the last trading session, reaching $35.84. About 457,750 shares traded or 99.56% up from the average. Bonanza Creek Energy, Inc. (NYSE:BCEI) has declined 77.04% since May 17, 2017 and is downtrending. It has underperformed by 88.59% 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 $734.60 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 2 analysts covering Bonanza Creek (NYSE:BCEI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Bonanza Creek had 2 analyst reports since April 11, 2018 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, April 11 report. The company was initiated on Thursday, April 26 by Imperial Capital.

More notable recent Bonanza Creek Energy, Inc. (NYSE:BCEI) news were published by: Seekingalpha.com which released: “US Shale: NAV Analysis Of Diversified Oil-Weighted E&Ps” on April 24, 2018, also Benzinga.com with their article: “Imperial Capital: Bonanza Creek Energy Making All The Right Moves After Chapter 11” published on April 26, 2018, Seekingalpha.com published: “US Shale: NAV Analysis Of Anadarko Basin E&Ps” on May 10, 2018. More interesting news about Bonanza Creek Energy, Inc. (NYSE:BCEI) were released by: Globenewswire.com and their article: “Bonanza Creek Energy Announces First Quarter 2018 Financial Results and Operational Update” published on May 08, 2018 as well as Globenewswire.com‘s news article titled: “New Research: Key Drivers of Growth for Bonanza Creek Energy, MarketAxess, LivaNova, Cintas, Bio-Techne, and …” with publication date: April 18, 2018.

Bonanza Creek Energy, Inc. (NYSE:BCEI) Ratings Chart

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