Swiss National Bank lifted its position in Bonanza Creek Energy Inc (NYSE:BCEI) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,700 shares of the oil and gas producer’s stock after purchasing an additional 1,300 shares during the quarter. Swiss National Bank owned about 0.14% of Bonanza Creek Energy worth $599,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Bonanza Creek Energy by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,476,187 shares of the oil and gas producer’s stock valued at $30,513,000 after purchasing an additional 159,783 shares during the period. Cooper Creek Partners Management LLC purchased a new stake in shares of Bonanza Creek Energy in the first quarter valued at about $6,721,000. Hillcrest Asset Management LLC grew its holdings in shares of Bonanza Creek Energy by 35.9% in the first quarter. Hillcrest Asset Management LLC now owns 202,935 shares of the oil and gas producer’s stock valued at $4,605,000 after purchasing an additional 53,620 shares during the period. LSV Asset Management grew its holdings in shares of Bonanza Creek Energy by 1.7% in the first quarter. LSV Asset Management now owns 129,500 shares of the oil and gas producer’s stock valued at $2,938,000 after purchasing an additional 2,200 shares during the period. Finally, Intrepid Capital Management Inc. purchased a new stake in shares of Bonanza Creek Energy in the first quarter valued at about $2,009,000.
BCEI has been the subject of a number of analyst reports. Imperial Capital reissued an “outperform” rating and issued a $30.00 price objective (up previously from $28.00) on shares of Bonanza Creek Energy in a report on Wednesday, July 24th. SunTrust Banks set a $24.00 target price on shares of Bonanza Creek Energy and gave the company a “hold” rating in a research report on Friday, August 9th. KeyCorp initiated coverage on shares of Bonanza Creek Energy in a research report on Tuesday, September 3rd. They issued an “overweight” rating and a $26.00 target price on the stock. Zacks Investment Research cut shares of Bonanza Creek Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 23rd. Finally, Capital One Financial raised shares of Bonanza Creek Energy from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.75.
In other Bonanza Creek Energy news, CAO Sandra Garbiso sold 2,813 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $21.99, for a total value of $61,857.87. Following the transaction, the chief accounting officer now owns 11,060 shares of the company’s stock, valued at $243,209.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.60% of the company’s stock.
NYSE BCEI traded down $0.08 during trading hours on Friday, reaching $23.55. The company had a trading volume of 187,896 shares, compared to its average volume of 195,110. The stock has a 50-day moving average of $22.18 and a 200 day moving average of $21.89. Bonanza Creek Energy Inc has a 1-year low of $17.64 and a 1-year high of $31.01. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $485.84 million, a P/E ratio of 5.13 and a beta of 1.48.
Bonanza Creek Energy Profile
Bonanza Creek Energy, Inc, an exploration and production company, focuses on the extraction of onshore oil and related liquids-rich natural gas in the United States. The company's primary oil and liquids-weighted assets are located in the Wattenberg Field in Colorado. As of December 31, 2018, it had proved reserves of 116.8 million barrel of oil equivalent.
Further Reading: Initial Coin Offering (ICO)
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