Ontario Teachers Pension Plan Board maintained its position in shares of Bonanza Creek Energy, Inc. (NYSE:BCEI) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,346,153 shares of the company’s stock at the end of the third quarter. Ontario Teachers Pension Plan Board owned 2.73% of Bonanza Creek Energy worth $1,373,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. LMR Partners LLP purchased a new position in shares of Bonanza Creek Energy during the second quarter worth approximately $104,000. California Public Employees Retirement System raised its position in Bonanza Creek Energy by 23.2% in the second quarter. California Public Employees Retirement System now owns 301,000 shares of the company’s stock valued at $605,000 after buying an additional 56,700 shares in the last quarter. Finally, Airain ltd bought a new position in Bonanza Creek Energy during the second quarter valued at about $348,000. Institutional investors own 52.72% of the company’s stock.
Shares of Bonanza Creek Energy, Inc. (NYSE:BCEI) traded down 7.56% during trading on Wednesday, reaching $2.08. The company’s stock had a trading volume of 1,287,756 shares. Bonanza Creek Energy, Inc. has a 52-week low of $0.60 and a 52-week high of $4.67. The stock’s market cap is $103.32 million. The stock has a 50-day moving average of $2.04 and a 200-day moving average of $1.29.
Bonanza Creek Energy (NYSE:BCEI) last issued its quarterly earnings results on Wednesday, November 9th. The company reported ($0.35) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.28) by $0.07. The business had revenue of $49.30 million for the quarter, compared to analysts’ expectations of $50.92 million. Bonanza Creek Energy had a negative net margin of 343.94% and a negative return on equity of 55.38%. The business’s revenue was down 31.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.07) earnings per share. Analysts predict that Bonanza Creek Energy, Inc. will post ($1.33) earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a research note on Tuesday, January 24th. Eight equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. Bonanza Creek Energy has a consensus rating of “Hold” and a consensus target price of $3.16.
In other Bonanza Creek Energy news, major shareholder Fir Tree Inc. purchased 3,618,922 shares of the firm’s stock in a transaction that occurred on Thursday, January 5th. The stock was bought at an average cost of $1.34 per share, with a total value of $4,849,355.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.57% of the company’s stock.
About Bonanza Creek Energy
Bonanza Creek Energy, Inc (Bonanza Creek) is an independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company’s oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado and the Dorcheat Macedonia Field in southern Arkansas.
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