Bonanza Creek Energy, Inc. (NYSE:BCEI) Major Shareholder Sells $16,005,000.00 in Stock

Bonanza Creek Energy, Inc. (NYSE:BCEI) major shareholder Whitebox Advisors Llc sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $32.01, for a total value of $16,005,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major 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 Wednesday, November 15th, Whitebox Advisors Llc sold 300,000 shares of Bonanza Creek Energy stock. The stock was sold at an average price of $31.59, for a total value of $9,477,000.00.

Bonanza Creek Energy, Inc. (BCEI) traded down $0.83 during mid-day trading on Monday, hitting $27.16. The 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 posted its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.68. The business had revenue of $45.23 million during the quarter, compared to analyst estimates of $45.63 million. Bonanza Creek Energy had a negative return on equity of 3.17% and a negative net margin of 33.79%. sell-side analysts predict that Bonanza Creek Energy, Inc. will post 0.53 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new position in Bonanza Creek Energy in the second quarter valued at approximately $156,000. Westwood Holdings Group Inc. acquired a new position in Bonanza Creek Energy in the second quarter valued at approximately $181,000. Strs Ohio acquired a new position in Bonanza Creek Energy in the second quarter valued at approximately $199,000. Voya Investment Management LLC acquired a new position in Bonanza Creek Energy in the second quarter valued at approximately $304,000. Finally, Nationwide Fund Advisors acquired a new position in Bonanza Creek Energy in the second quarter valued at approximately $366,000. Hedge funds and other institutional investors own 91.25% of the company’s stock.

Several research firms have commented on BCEI. BidaskClub upgraded Bonanza Creek Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 18th. KeyCorp restated a “hold” rating on shares of Bonanza Creek Energy in a research report on Monday, November 13th. Zacks Investment Research lowered Bonanza Creek Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 11th. Finally, BMO Capital Markets set a $25.00 price target on Bonanza Creek Energy and gave the company a “hold” rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued 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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Bonanza Creek Energy Company Profile

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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