Dalton Greiner Hartman Maher & Co. lifted its stake in shares of Bonanza Creek Energy Inc (NYSE:BCEI) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,373 shares of the oil and gas producer’s stock after purchasing an additional 32,081 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in Bonanza Creek Energy were worth $5,003,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Usca Ria LLC purchased a new stake in shares of Bonanza Creek Energy during the third quarter worth approximately $30,000. Meeder Asset Management Inc. purchased a new stake in shares of Bonanza Creek Energy during the third quarter worth approximately $32,000. Bank of Montreal Can purchased a new stake in shares of Bonanza Creek Energy during the second quarter worth approximately $40,000. JPMorgan Chase & Co. raised its stake in shares of Bonanza Creek Energy by 43.3% during the second quarter. JPMorgan Chase & Co. now owns 6,591 shares of the oil and gas producer’s stock worth $133,000 after purchasing an additional 1,992 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Bonanza Creek Energy during the second quarter worth approximately $147,000.
In other Bonanza Creek Energy news, CFO Brant Demuth acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average price of $16.80 per share, with a total value of $50,400.00. Following the completion of the acquisition, the chief financial officer now directly owns 37,283 shares of the company’s stock, valued at approximately $626,354.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.
Several equities research analysts have recently commented on BCEI shares. ValuEngine upgraded Bonanza Creek Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $51.00 price objective on shares of Bonanza Creek Energy in a report on Thursday, December 19th. Finally, Zacks Investment Research raised Bonanza Creek Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $31.60.
Shares of BCEI stock opened at $20.75 on Thursday. The business’s fifty day moving average price is $21.22 and its 200 day moving average price is $21.17. Bonanza Creek Energy Inc has a 1-year low of $16.60 and a 1-year high of $26.75. The company has a quick ratio of 1.08, a current ratio of 1.15 and a debt-to-equity ratio of 0.09.
Bonanza Creek Energy (NYSE:BCEI) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $1.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.38. Bonanza Creek Energy had a return on equity of 19.78% and a net margin of 58.72%. The firm had revenue of $75.18 million for the quarter, compared to analyst estimates of $77.68 million. As a group, equities research analysts anticipate that Bonanza Creek Energy Inc will post 4.14 EPS for the current year.
Bonanza Creek Energy Company 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.
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