Bonanza Creek Energy Inc (NYSE:BCEI) shares reached a new 52-week low on Thursday . The stock traded as low as $23.43 and last traded at $24.26, with a volume of 16540 shares. The stock had previously closed at $26.11.

BCEI has been the subject of several recent analyst reports. Zacks Investment Research downgraded Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Imperial Capital upped their price target on Bonanza Creek Energy to $53.00 in a research note on Friday, October 19th. ValuEngine downgraded Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, August 10th. Finally, Telsey Advisory Group dropped their price target on Bonanza Creek Energy from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Bonanza Creek Energy has an average rating of “Hold” and a consensus price target of $40.75.

The company has a market capitalization of $506.00 million, a price-to-earnings ratio of 5.19 and a beta of 1.46.

Several hedge funds and other institutional investors have recently bought and sold shares of BCEI. Eqis Capital Management Inc. bought a new position in shares of Bonanza Creek Energy during the 2nd quarter valued at approximately $254,000. Massachusetts Financial Services Co. MA bought a new position in shares of Bonanza Creek Energy during the 2nd quarter valued at approximately $1,450,000. Virginia Retirement Systems ET AL bought a new position in shares of Bonanza Creek Energy during the 2nd quarter valued at approximately $1,583,000. EAM Investors LLC bought a new position in shares of Bonanza Creek Energy during the 2nd quarter valued at approximately $940,000. Finally, EAM Global Investors LLC bought a new position in shares of Bonanza Creek Energy during the 2nd quarter valued at approximately $1,188,000.

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Bonanza Creek Energy Company Profile (NYSE:BCEI)

Bonanza Creek Energy, Inc engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the United States. The company's oil and liquids-weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas.

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