Hillcrest Asset Management LLC bought a new stake in shares of Bonanza Creek Energy Inc (NYSE:BCEI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 152,938 shares of the oil and gas producer’s stock, valued at approximately $5,792,000.

Other large investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in shares of Bonanza Creek Energy in the 1st quarter worth $230,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Bonanza Creek Energy in the 2nd quarter worth $245,000. Eqis Capital Management Inc. bought a new position in shares of Bonanza Creek Energy in the 2nd quarter worth $254,000. BlueMountain Capital Management LLC bought a new position in shares of Bonanza Creek Energy in the 2nd quarter worth $268,000. Finally, Tibra Equities Europe Ltd bought a new position in shares of Bonanza Creek Energy in the 1st quarter worth $318,000.

A number of equities analysts recently issued reports on BCEI shares. Telsey Advisory Group cut their target price on Bonanza Creek Energy from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 10th. ValuEngine upgraded Bonanza Creek Energy from a “strong sell” rating to a “sell” rating in a report on Friday, June 1st. Finally, Zacks Investment Research cut Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $40.75.

NYSE BCEI opened at $29.22 on Thursday. The firm has a market capitalization of $609.25 million, a P/E ratio of 8.93 and a beta of 1.55. Bonanza Creek Energy Inc has a 12 month low of $23.66 and a 12 month high of $40.38. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.08.

Bonanza Creek Energy (NYSE:BCEI) last released its quarterly earnings results on Wednesday, August 8th. The oil and gas producer reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.16). The company had revenue of $71.87 million during the quarter, compared to analysts’ expectations of $70.66 million. Bonanza Creek Energy had a net margin of 7.47% and a return on equity of 9.73%. equities analysts expect that Bonanza Creek Energy Inc will post 3.3 EPS for the current year.

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.

Further Reading: Fundamental Analysis and Choosing Stocks

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Institutional Ownership by Quarter for Bonanza Creek Energy (NYSE:BCEI)

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