Royce & Associates LP lifted its position in shares of Bonanza Creek Energy Inc (NYSE:BCEI) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 376,734 shares of the oil and gas producer’s stock after buying an additional 15,500 shares during the quarter. Royce & Associates LP owned about 1.83% of Bonanza Creek Energy worth $7,787,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of BCEI. Oregon Public Employees Retirement Fund acquired a new stake in shares of Bonanza Creek Energy during the fourth quarter worth $147,000. Texas Permanent School Fund increased its position in shares of Bonanza Creek Energy by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 12,234 shares of the oil and gas producer’s stock worth $253,000 after buying an additional 473 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Bonanza Creek Energy during the third quarter worth $256,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Bonanza Creek Energy during the third quarter worth $265,000. Finally, Putnam Investments LLC acquired a new stake in shares of Bonanza Creek Energy during the third quarter worth $303,000.
NYSE:BCEI opened at $22.32 on Friday. The firm has a market capitalization of $496.34 million, a price-to-earnings ratio of 5.09 and a beta of 1.61. Bonanza Creek Energy Inc has a 12 month low of $18.41 and a 12 month high of $40.38.
Several research firms have recently weighed in on BCEI. Imperial Capital reiterated an “outperform” rating and set a $35.00 price objective (up from $33.00) on shares of Bonanza Creek Energy in a research report on Friday, March 1st. Zacks Investment Research cut shares of Bonanza Creek Energy from a “buy” rating to a “strong sell” rating in a research report on Monday, January 28th. Finally, SunTrust Banks began coverage on shares of Bonanza Creek Energy in a research report on Friday, December 14th. They set a “hold” rating and a $25.00 price objective for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $32.40.
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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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