Invesco Ltd. grew its holdings in Bonanza Creek Energy Inc (NYSE:BCEI) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,592 shares of the oil and gas producer’s stock after purchasing an additional 2,060 shares during the period. Invesco Ltd. owned approximately 0.42% of Bonanza Creek Energy worth $1,829,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC bought a new stake in shares of Bonanza Creek Energy in the second quarter valued at approximately $27,000. Bank of Montreal Can bought a new stake in Bonanza Creek Energy during the 2nd quarter worth approximately $40,000. Denali Advisors LLC bought a new stake in Bonanza Creek Energy during the 2nd quarter worth approximately $77,000. JPMorgan Chase & Co. increased its holdings in Bonanza Creek Energy by 43.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,591 shares of the oil and gas producer’s stock worth $133,000 after acquiring an additional 1,992 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in Bonanza Creek Energy during the 2nd quarter worth approximately $147,000.
Bonanza Creek Energy stock opened at $18.76 on Friday. The firm’s 50 day simple moving average is $22.78 and its 200 day simple moving average is $21.97. 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 firm has a market capitalization of $404.01 million, a PE ratio of 4.12 and a beta of 1.48. Bonanza Creek Energy Inc has a 1-year low of $17.64 and a 1-year high of $30.42.
Bonanza Creek Energy (NYSE:BCEI) last posted its earnings results on Wednesday, August 7th. The oil and gas producer reported $1.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.37. The business had revenue of $85.78 million for the quarter, compared to analyst estimates of $85.02 million. Bonanza Creek Energy had a net margin of 61.37% and a return on equity of 21.73%. Research analysts forecast that Bonanza Creek Energy Inc will post 4.62 earnings per share for the current year.
In other Bonanza Creek Energy news, CAO Sandra Garbiso sold 2,813 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $21.99, for a total value of $61,857.87. Following the completion of the transaction, the chief accounting officer now owns 11,060 shares of the company’s stock, valued at approximately $243,209.40. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is owned by insiders.
BCEI has been the topic of a number of analyst reports. KeyCorp initiated coverage on shares of Bonanza Creek Energy in a report on Tuesday, September 3rd. They set an “overweight” rating and a $26.00 target price on the stock. SunTrust Banks set a $24.00 target price on shares of Bonanza Creek Energy and gave the stock a “hold” rating in a report on Friday, August 9th. ValuEngine raised shares of Bonanza Creek Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised shares of Bonanza Creek Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $30.00 target price (up previously from $28.00) on shares of Bonanza Creek Energy in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Bonanza Creek Energy currently has a consensus rating of “Hold” and an average target price of $26.75.
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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