Bonanza Creek Energy (BCEI) Shares Cross Below Book Value

In trading on Friday, shares of Bonanza Creek Energy, Inc. ( BCEI) crossed below their last reported book value — defined as common shareholder equity per share — of $18.66, changing hands as low as $18.35 per share. Bonanza Creek Energy, Inc. shares are currently trading off about 2.3% on the day. The chart below shows the one year performance of BCEI shares, versus its 50 and 200 day moving averages:

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Bonanza Creek Energy, Inc. Moving Averages Chart

Looking at the chart above, BCEI's low point in its 52 week range is $16.36 per share, with $62.89 as the 52 week high point — that compares with a last trade of $18.75.

According to the ETF Finder at ETF Channel, BCEI makes up 1.28% of the SPDR S&P Oil & Gas Exploration & Production ETF ( XOP) which is trading lower by about 1.1% on the day Friday.

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