Alliancebernstein L.P. grew its position in Bonanza Creek Energy (NYSE:BCEI) by 31.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,380 shares of the oil and gas producer’s stock after acquiring an additional 6,280 shares during the quarter. Alliancebernstein L.P. owned 0.13% of Bonanza Creek Energy worth $728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Spark Investment Management LLC purchased a new stake in shares of Bonanza Creek Energy in the 4th quarter worth $389,000. Nationwide Fund Advisors raised 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 acquiring an additional 4,175 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Bonanza Creek Energy in the 3rd quarter worth $553,000. Kassirer Asset Management Corp acquired a new position in Bonanza Creek Energy during the 4th quarter valued at about $750,000. Finally, Swiss National Bank acquired a new position in Bonanza Creek Energy during the 4th quarter valued at about $817,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.
Shares of Bonanza Creek Energy stock opened at $28.78 on Monday. Bonanza Creek Energy has a 12 month low of $23.33 and a 12 month high of $40.60. The company has a market cap of $588.65, a price-to-earnings ratio of 21.48 and a beta of 1.64.
Bonanza Creek Energy (NYSE:BCEI) last posted its quarterly earnings results on Wednesday, March 14th. The oil and gas producer reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $50.19 million during the quarter, compared to analysts’ expectations of $43.34 million. Bonanza Creek Energy had a positive return on equity of 5.49% and a negative net margin of 1.23%. equities research analysts expect that Bonanza Creek Energy will post 3.37 EPS for the current fiscal year.
BCEI has been the topic of several recent analyst reports. Zacks Investment Research raised Bonanza Creek Energy from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a report on Tuesday, January 2nd. ValuEngine upgraded Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, BMO Capital Markets reiterated a “hold” rating and set a $27.00 price target on shares of Bonanza Creek Energy in a research report on Wednesday, April 11th. Six analysts have rated the stock with a hold rating, Bonanza Creek Energy has an average rating of “Hold” and a consensus price target of $29.50.
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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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