Bonanza Creek Energy (BCEI) Highlighted As Today's Perilous Reversal Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Bonanza Creek Energy ( BCEI) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Bonanza Creek Energy as such a stock due to the following factors:

  • BCEI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $26.7 million.
  • BCEI has traded 401,236 shares today.
  • BCEI is down 3% today.
  • BCEI was up 6.5% yesterday.

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More details on BCEI:

Bonanza Creek Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of onshore oil and associated liquids natural gas in the United States. Currently there are 11 analysts that rate Bonanza Creek Energy a buy, no analysts rate it a sell, and 7 rate it a hold.

The average volume for Bonanza Creek Energy has been 1.4 million shares per day over the past 30 days. Bonanza Creek Energy has a market cap of $980.6 million and is part of the basic materials sector and energy industry. The stock has a beta of 1.44 and a short float of 14.9% with 5.80 days to cover. Shares are down 12.5% year-to-date as of the close of trading on Wednesday.

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