JPMorgan Chase & Co. acquired a new stake in Bonanza Creek Energy, Inc. (NYSE:BCEI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 440,849 shares of the oil and gas producer’s stock, valued at approximately $13,980,000. JPMorgan Chase & Co. owned approximately 2.17% of Bonanza Creek Energy at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Scepter Holdings Inc. bought a new position in Bonanza Creek Energy during the first quarter worth about $117,000. Legal & General Group Plc acquired a new stake in Bonanza Creek Energy during the second quarter worth approximately $156,000. Strs Ohio acquired a new stake in Bonanza Creek Energy during the second quarter worth approximately $199,000. American Century Companies Inc. acquired a new stake in Bonanza Creek Energy during the second quarter worth approximately $396,000. Finally, KBC Group NV lifted its position in Bonanza Creek Energy by 73.9% during the first quarter. KBC Group NV now owns 500,608 shares of the oil and gas producer’s stock worth $581,000 after acquiring an additional 212,675 shares during the last quarter. Institutional investors own 91.04% of the company’s stock.

Several brokerages have issued reports on BCEI. KeyCorp restated a “hold” rating on shares of Bonanza Creek Energy in a research report on Wednesday, September 6th. BidaskClub upgraded shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating in a research report on Friday. BMO Capital Markets dropped their price target on shares of Bonanza Creek Energy from $30.00 to $25.00 and set a “market perform” rating for the company in a research report on Friday, July 14th. Zacks Investment Research downgraded shares of Bonanza Creek Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, ValuEngine downgraded shares of Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $30.50.

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Bonanza Creek Energy, Inc. (NYSE BCEI) opened at 31.16 on Monday. Bonanza Creek Energy, Inc. has a 12 month low of $23.33 and a 12 month high of $40.60. The firm’s market capitalization is $636.57 million. The firm’s 50-day moving average is $27.56 and its 200 day moving average is $54.55.

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

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