Q Global Advisors LLC Takes $3.88 Million Position in Bonanza Creek Energy, Inc. (BCEI)
Q Global Advisors LLC purchased a new stake in Bonanza Creek Energy, Inc. (NYSE:BCEI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 122,391 shares of the oil and gas producer’s stock, valued at approximately $3,881,000. Bonanza Creek Energy accounts for about 10.1% of Q Global Advisors LLC’s portfolio, making the stock its 4th biggest position. Q Global Advisors LLC owned about 0.60% of Bonanza Creek Energy at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Mangrove Partners bought a new position in shares of Bonanza Creek Energy during the second quarter worth approximately $39,717,000. Apollo Management Holdings L.P. bought a new position in shares of Bonanza Creek Energy during the second quarter worth approximately $35,158,000. JPMorgan Chase & Co. bought a new position in shares of Bonanza Creek Energy during the second quarter worth approximately $13,980,000. Wells Fargo & Company MN increased its holdings in shares of Bonanza Creek Energy by 6,203.4% during the second quarter. Wells Fargo & Company MN now owns 413,500 shares of the oil and gas producer’s stock worth $13,112,000 after purchasing an additional 406,940 shares during the period. Finally, Eaton Vance Management bought a new position in shares of Bonanza Creek Energy during the second quarter worth approximately $12,564,000. 91.04% of the stock is currently owned by hedge funds and other institutional investors.
Bonanza Creek Energy, Inc. (BCEI) traded down 3.15% during mid-day trading on Friday, hitting $33.51. 100,790 shares of the company traded hands. The firm’s market capitalization is $684.58 million. The firm has a 50 day moving average of $29.24 and a 200 day moving average of $46.52. Bonanza Creek Energy, Inc. has a one year low of $23.33 and a one year high of $377.17.
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Several research analysts have recently commented on BCEI shares. BidaskClub cut shares of Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Tuesday, July 4th. BMO Capital Markets lowered their target price on shares of Bonanza Creek Energy from $30.00 to $25.00 and set a “market perform” rating on the stock in a report on Friday, July 14th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Bonanza Creek Energy in a report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $30.50.
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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