Bonanza Creek Energy Inc (BCEI) Short Interest Down 84.2% in April

Bonanza Creek Energy Inc (NYSE:BCEI) was the target of a large decline in short interest in the month of April. As of April 28th, there was short interest totalling 1,296,886 shares, a decline of 84.2% from the April 13th total of 8,213,048 shares. Based on an average daily volume of 1,772,916 shares, the days-to-cover ratio is presently 0.7 days.

A number of research analysts have issued reports on BCEI shares. Zacks Investment Research raised shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a research report on Tuesday, January 24th. BMO Capital Markets restated a “hold” rating and set a $35.00 target price on shares of Bonanza Creek Energy in a report on Monday, May 15th. Finally, Capital One Financial Corp. restated an “equal weight” rating on shares of Bonanza Creek Energy in a report on Tuesday, May 2nd. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Bonanza Creek Energy currently has a consensus rating of “Hold” and an average price target of $21.13.

Several institutional investors have recently made changes to their positions in BCEI. Scepter Holdings Inc. bought a new stake in shares of Bonanza Creek Energy during the first quarter worth $117,000. Morgan Stanley increased its stake in shares of Bonanza Creek Energy by 68.1% in the first quarter. Morgan Stanley now owns 304,684 shares of the oil and gas producer’s stock worth $354,000 after buying an additional 123,455 shares during the last quarter. Kamunting Street Capital Management L.P. bought a new stake in shares of Bonanza Creek Energy during the fourth quarter worth $313,000. AidennLair Capital Management LP bought a new stake in shares of Bonanza Creek Energy during the fourth quarter worth $483,000. Finally, KBC Group NV increased its stake in shares of Bonanza Creek Energy by 73.9% in the first quarter. KBC Group NV now owns 500,608 shares of the oil and gas producer’s stock worth $581,000 after buying an additional 212,675 shares during the last quarter. Hedge funds and other institutional investors own 52.11% of the company’s stock.

Shares of Bonanza Creek Energy (NYSE:BCEI) opened at 38.75 on Friday. Bonanza Creek Energy has a one year low of $30.89 and a one year high of $377.17. The company’s market cap is $788.41 million. The stock’s 50 day moving average is $74.36 and its 200-day moving average is $149.00.

Bonanza Creek Energy (NYSE:BCEI) last announced its quarterly earnings results on Wednesday, May 10th. The oil and gas producer reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by $0.02. The firm had revenue of $52.56 million for the quarter. Bonanza Creek Energy had a negative net margin of 343.94% and a negative return on equity of 55.38%. Equities research analysts expect that Bonanza Creek Energy will post ($81.46) earnings per share for the current year.

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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.

12 Month Chart for NYSE:BCEI

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