Whitebox Advisors Llc Sells 300,000 Shares of Bonanza Creek Energy, Inc. (NYSE:BCEI) Stock

Bonanza Creek Energy, Inc. (NYSE:BCEI) major shareholder Whitebox Advisors Llc sold 300,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $31.59, for a total value of $9,477,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Whitebox Advisors Llc also recently made the following trade(s):

  • On Friday, November 17th, Whitebox Advisors Llc sold 500,000 shares of Bonanza Creek Energy stock. The shares were sold at an average price of $32.01, for a total value of $16,005,000.00.

Bonanza Creek Energy, Inc. (NYSE:BCEI) traded down $0.83 during trading hours on Monday, reaching $27.16. The company’s stock had a trading volume of 452,787 shares, compared to its average volume of 260,696. Bonanza Creek Energy, Inc. has a 1 year low of $23.33 and a 1 year high of $40.60.

Bonanza Creek Energy (NYSE:BCEI) last released its earnings results on Wednesday, November 8th. The oil and gas producer reported $0.67 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.68. Bonanza Creek Energy had a negative return on equity of 3.17% and a negative net margin of 33.79%. The firm had revenue of $45.23 million for the quarter, compared to analyst estimates of $45.63 million. equities research analysts expect that Bonanza Creek Energy, Inc. will post 0.53 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc bought a new stake in shares of Bonanza Creek Energy in the second quarter worth about $156,000. Westwood Holdings Group Inc. bought a new stake in shares of Bonanza Creek Energy in the second quarter worth about $181,000. Strs Ohio bought a new stake in shares of Bonanza Creek Energy in the second quarter worth about $199,000. Voya Investment Management LLC bought a new stake in shares of Bonanza Creek Energy in the second quarter worth about $304,000. Finally, Nationwide Fund Advisors bought a new stake in shares of Bonanza Creek Energy in the second quarter worth about $366,000. 91.25% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on BCEI. Zacks Investment Research raised Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, November 28th. KeyCorp reaffirmed a “hold” rating on shares of Bonanza Creek Energy in a research note on Monday, November 13th. BidaskClub lowered Bonanza Creek Energy from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, BMO Capital Markets set a $25.00 price target on Bonanza Creek Energy and gave the company a “hold” rating in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $28.00.

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About Bonanza Creek Energy

Bonanza Creek Energy, Inc (Bonanza Creek) is an independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company’s oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado and the Dorcheat Macedonia Field in southern Arkansas.

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