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.
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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