Bonanza Creek Energy Inc (NYSE:BCEI) VP Sandra Garbiso sold 551 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $27.48, for a total value of $15,141.48. Following the completion of the sale, the vice president now owns 8,068 shares of the company’s stock, valued at $221,708.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NYSE BCEI traded down $2.38 during trading on Thursday, hitting $23.73. The company had a trading volume of 9,495 shares, compared to its average volume of 277,792. The stock has a market capitalization of $536.40 million, a P/E ratio of 5.50 and a beta of 1.46. Bonanza Creek Energy Inc has a 52 week low of $23.66 and a 52 week high of $40.38.

Several hedge funds and other institutional investors have recently bought and sold shares of BCEI. Bank of New York Mellon Corp raised its stake in Bonanza Creek Energy by 304.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 380,283 shares of the oil and gas producer’s stock valued at $14,401,000 after purchasing an additional 286,346 shares during the period. Richard Bernstein Advisors LLC acquired a new position in shares of Bonanza Creek Energy in the second quarter worth $833,000. Russell Investments Group Ltd. increased its stake in shares of Bonanza Creek Energy by 492.3% in the second quarter. Russell Investments Group Ltd. now owns 83,042 shares of the oil and gas producer’s stock worth $3,143,000 after acquiring an additional 69,022 shares during the last quarter. BlueMountain Capital Management LLC acquired a new position in shares of Bonanza Creek Energy in the second quarter worth $268,000. Finally, Texas Permanent School Fund acquired a new position in shares of Bonanza Creek Energy in the third quarter worth $350,000.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 15th. Imperial Capital upped their price target on Bonanza Creek Energy to $53.00 in a report on Friday, October 19th. ValuEngine cut Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 4th. Finally, Telsey Advisory Group dropped their price target on Bonanza Creek Energy from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $40.75.

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About Bonanza Creek Energy

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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