Whitebox Advisors Llc Sells 300,000 Shares of Bonanza Creek Energy, Inc. (BCEI) Stock

Bonanza Creek Energy, Inc. (NYSE:BCEI) major shareholder Whitebox Advisors Llc sold 300,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $31.59, for a total transaction of $9,477,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Whitebox Advisors Llc also recently made the following trade(s):

  • On Friday, November 17th, Whitebox Advisors Llc sold 500,000 shares of Bonanza Creek Energy stock. The shares were sold at an average price of $32.01, for a total transaction of $16,005,000.00.

Shares of Bonanza Creek Energy, Inc. (BCEI) traded up $0.26 during midday trading on Friday, hitting $32.84. 693,968 shares of the stock were exchanged, compared to its average volume of 236,909. Bonanza Creek Energy, Inc. has a 1-year low of $23.33 and a 1-year high of $40.60.

Bonanza Creek Energy (NYSE:BCEI) last released its earnings results on Wednesday, November 8th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.68. Bonanza Creek Energy had a negative net margin of 33.79% and a negative return on equity of 3.17%. The firm had revenue of $45.23 million during the quarter, compared to the consensus estimate of $45.63 million. research analysts predict that Bonanza Creek Energy, Inc. will post 0.37 EPS for the current year.

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A number of research firms recently commented on BCEI. BidaskClub raised shares of Bonanza Creek Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 18th. BMO Capital Markets set a $25.00 target price on shares of Bonanza Creek Energy and gave the company a “hold” rating in a research report on Tuesday, October 10th. Zacks Investment Research raised shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Tuesday, October 10th. Finally, KeyCorp reissued a “hold” rating on shares of Bonanza Creek Energy in a research report on Monday. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $31.50.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mangrove Partners lifted its position in shares of Bonanza Creek Energy by 35.9% during the third quarter. Mangrove Partners now owns 1,702,500 shares of the oil and gas producer’s stock worth $56,165,000 after purchasing an additional 450,000 shares in the last quarter. Apollo Management Holdings L.P. bought a new position in Bonanza Creek Energy in the 2nd quarter valued at about $35,158,000. Gen IV Investment Opportunities LLC grew its position in Bonanza Creek Energy by 4.1% in the 3rd quarter. Gen IV Investment Opportunities LLC now owns 1,049,952 shares of the oil and gas producer’s stock valued at $34,638,000 after buying an additional 41,593 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Bonanza Creek Energy by 23.4% in the third quarter. JPMorgan Chase & Co. now owns 544,116 shares of the oil and gas producer’s stock worth $18,179,000 after purchasing an additional 103,267 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Bonanza Creek Energy in the second quarter worth approximately $14,207,000. Institutional investors own 91.29% of the company’s stock.

Bonanza Creek Energy Company Profile

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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