Intrepid Capital Management Inc. Acquires New Stake in Bonanza Creek Energy Inc (NYSE:BCEI)

Intrepid Capital Management Inc. acquired a new stake in shares of Bonanza Creek Energy Inc (NYSE:BCEI) in the first quarter, HoldingsChannel reports. The fund acquired 88,562 shares of the oil and gas producer’s stock, valued at approximately $2,009,000.

Several other large investors also recently made changes to their positions in the company. Comerica Bank lifted its position in shares of Bonanza Creek Energy by 2.5% during the 1st quarter. Comerica Bank now owns 18,602 shares of the oil and gas producer’s stock valued at $432,000 after acquiring an additional 458 shares during the last quarter. Texas Permanent School Fund lifted its position in shares of Bonanza Creek Energy by 3.8% during the 1st quarter. Texas Permanent School Fund now owns 12,703 shares of the oil and gas producer’s stock valued at $288,000 after acquiring an additional 469 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Bonanza Creek Energy by 136.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,239 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 715 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Bonanza Creek Energy by 1.4% during the 1st quarter. Rhumbline Advisers now owns 55,463 shares of the oil and gas producer’s stock valued at $1,258,000 after acquiring an additional 792 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Bonanza Creek Energy by 0.6% during the 4th quarter. Principal Financial Group Inc. now owns 151,778 shares of the oil and gas producer’s stock valued at $3,137,000 after acquiring an additional 849 shares during the last quarter.

NYSE:BCEI traded down $0.24 during trading hours on Friday, hitting $18.15. 4,005 shares of the stock traded hands, compared to its average volume of 163,046. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 0.10. Bonanza Creek Energy Inc has a fifty-two week low of $18.04 and a fifty-two week high of $40.38. The company has a market cap of $373.51 million, a P/E ratio of 3.81 and a beta of 1.54.

A number of equities research analysts have recently commented on the company. TheStreet upgraded Bonanza Creek Energy from a “d” rating to a “c-” rating in a research report on Friday, March 15th. Capital One Financial upgraded Bonanza Creek Energy from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Zacks Investment Research upgraded Bonanza Creek Energy from a “sell” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, May 1st. Finally, Imperial Capital reissued an “outperform” rating and set a $35.00 target price (up from $33.00) on shares of Bonanza Creek Energy in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.25.

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Bonanza Creek Energy Company Profile

Bonanza Creek Energy, Inc, an exploration and production company, focuses on the extraction of onshore oil and related liquids-rich natural gas in the United States. The company's primary oil and liquids-weighted assets are located in the Wattenberg Field in Colorado. As of December 31, 2018, it had proved reserves of 116.8 million barrel of oil equivalent.

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

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