BMO Capital Reaffirms Their Hold Rating on Bonanza Creek

By Austin Angelo

BMO Capital analyst Phillip Jungwirth reiterated a Hold rating on Bonanza Creek (NYSE: BCEI) today and set a price target of $27. The company’s shares opened today at $27.57.

According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 5.3% and a 51.8% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Continental Resources, and Occidental Petroleum.

Bonanza Creek has an analyst consensus of Hold.

The company has a one-year high of $40.60 and a one-year low of $23.33. Currently, Bonanza Creek has an average volume of 256.3K.

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Bonanza Creek Energy, Inc. engages in the acquisition, exploration, development, and production of onshore oil and associated liquids. It holds interest in Wattenberg Field, Niobrara and Codell formations, and in Southern Arkansas, focused on oily Cotton Valley sands. The company was founded on December 2, 2010 and is headquartered in Denver, CO.