Swiss National Bank acquired a new stake in Bonanza Creek Energy (NYSE:BCEI) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 29,600 shares of the oil and gas producer’s stock, valued at approximately $817,000. Swiss National Bank owned about 0.14% of Bonanza Creek Energy at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Nationwide Fund Advisors boosted its position in shares of Bonanza Creek Energy by 36.2% in the 3rd quarter. Nationwide Fund Advisors now owns 15,718 shares of the oil and gas producer’s stock worth $519,000 after buying an additional 4,175 shares in the last quarter. Q Global Advisors LLC boosted its position in shares of Bonanza Creek Energy by 6.7% in the 3rd quarter. Q Global Advisors LLC now owns 130,533 shares of the oil and gas producer’s stock worth $4,306,000 after buying an additional 8,142 shares in the last quarter. Scoggin Management LP purchased a new stake in shares of Bonanza Creek Energy in the 3rd quarter worth about $412,000. Macquarie Group Ltd. purchased a new stake in shares of Bonanza Creek Energy in the 3rd quarter worth about $451,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Bonanza Creek Energy by 925.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,792 shares of the oil and gas producer’s stock worth $501,000 after buying an additional 14,252 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.
Several research analysts recently weighed in on BCEI shares. Zacks Investment Research raised shares of Bonanza Creek Energy from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, January 2nd. ValuEngine raised shares of Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Six equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $28.50.
Shares of Bonanza Creek Energy stock traded down $0.75 on Friday, hitting $27.08. 313,171 shares of the company’s stock traded hands, compared to its average volume of 239,583. The stock has a market cap of $569.22, a P/E ratio of 20.77 and a beta of 1.65. Bonanza Creek Energy has a 52-week low of $23.33 and a 52-week high of $40.60.
Bonanza Creek Energy (NYSE:BCEI) last issued its earnings results on Wednesday, March 14th. The oil and gas producer reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Bonanza Creek Energy had a positive return on equity of 5.49% and a negative net margin of 1.23%. The firm had revenue of $50.19 million for the quarter, compared to analyst estimates of $43.34 million. equities analysts forecast that Bonanza Creek Energy will post 3.24 EPS for the current year.
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About Bonanza Creek Energy
Bonanza Creek Energy, Inc engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the United States. The company's oil and liquids-weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas.
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