Canaccord Genuity Initiates Bonanza Creek Energy With Buy

Analysts at Canaccord Genuity initiated coverage on Bonanza Creek Energy Inc BCEI with a Buy rating. The target price for Bonanza Creek Energy is set to $29. Bonanza Creek Energy shares have dropped 68.55 percent over the past 52 weeks, while the S&P 500 index has surged 4.27 percent in the same period. Bonanza Creek Energy shares fell 6.85 percent to close at $17.95 yesterday.