Axa lifted its holdings in shares of Bonanza Creek Energy Inc (NYSE:BCEI) by 11.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,400 shares of the oil and gas producer’s stock after purchasing an additional 10,725 shares during the quarter. Axa owned 0.53% of Bonanza Creek Energy worth $3,228,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of BCEI. State of Alaska Department of Revenue purchased a new position in shares of Bonanza Creek Energy during the third quarter worth about $200,000. Louisiana State Employees Retirement System purchased a new stake in Bonanza Creek Energy in the third quarter worth approximately $244,000. Dynamic Technology Lab Private Ltd purchased a new stake in Bonanza Creek Energy in the second quarter worth approximately $245,000. Eqis Capital Management Inc. purchased a new stake in Bonanza Creek Energy in the second quarter worth approximately $254,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Bonanza Creek Energy in the third quarter worth approximately $256,000.
Several analysts have issued reports on the company. ValuEngine lowered Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 4th. Telsey Advisory Group cut their target price on Bonanza Creek Energy from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, August 10th. Zacks Investment Research raised Bonanza Creek Energy from a “hold” rating to a “strong-buy” rating and set a $33.00 target price for the company in a research note on Tuesday, October 23rd. Finally, Imperial Capital upped their target price on Bonanza Creek Energy to $53.00 in a research note on Friday, October 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.75.
Shares of BCEI opened at $26.53 on Monday. The company has a market capitalization of $545.03 million, a price-to-earnings ratio of 5.59 and a beta of 1.41. Bonanza Creek Energy Inc has a 1 year low of $23.66 and a 1 year high of $40.38.
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Bonanza Creek Energy Company Profile
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.
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