Alliancebernstein L.P. lifted its stake in Bonanza Creek Energy (NYSE:BCEI) by 31.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,380 shares of the oil and gas producer’s stock after acquiring an additional 6,280 shares during the period. Alliancebernstein L.P. owned 0.13% of Bonanza Creek Energy worth $728,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of BCEI. Nationwide Fund Advisors grew its holdings in 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 valued at $519,000 after buying an additional 4,175 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Bonanza Creek Energy by 20.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 86,353 shares of the oil and gas producer’s stock valued at $2,849,000 after buying an additional 14,907 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Bonanza Creek Energy by 23.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 544,116 shares of the oil and gas producer’s stock valued at $18,179,000 after buying an additional 103,267 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Bonanza Creek Energy by 121.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 79,681 shares of the oil and gas producer’s stock valued at $2,629,000 after buying an additional 43,656 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in Bonanza Creek Energy in the 3rd quarter valued at approximately $2,019,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.
BCEI has been the topic of a number of research analyst reports. Zacks Investment Research lowered Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine raised Bonanza Creek Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $27.00 target price on shares of Bonanza Creek Energy in a report on Wednesday, April 11th. Six investment analysts have rated the stock with a hold rating, Bonanza Creek Energy has an average rating of “Hold” and an average price target of $29.50.
Shares of NYSE:BCEI opened at $28.06 on Monday. Bonanza Creek Energy has a 1-year low of $23.33 and a 1-year high of $40.60. The company has a market cap of $586.20, a PE ratio of 21.39 and a beta of 1.65.
Bonanza Creek Energy (NYSE:BCEI) last announced its quarterly earnings data 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 company had revenue of $50.19 million for the quarter, compared to analyst estimates of $43.34 million. research analysts expect that Bonanza Creek Energy will post 3.37 earnings per share for the current fiscal 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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