18,966 Shares in Bonanza Creek Energy Inc (NYSE:BCEI) Purchased by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC acquired a new stake in shares of Bonanza Creek Energy Inc (NYSE:BCEI) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,966 shares of the oil and gas producer’s stock, valued at approximately $430,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Bonanza Creek Energy by 136.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,239 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 715 shares in the last quarter. Flinton Capital Management LLC increased its stake in shares of Bonanza Creek Energy by 69.8% in the fourth quarter. Flinton Capital Management LLC now owns 2,608 shares of the oil and gas producer’s stock valued at $54,000 after buying an additional 1,072 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Bonanza Creek Energy in the first quarter valued at $75,000. BNP Paribas Arbitrage SA increased its stake in shares of Bonanza Creek Energy by 48,962.5% in the first quarter. BNP Paribas Arbitrage SA now owns 3,925 shares of the oil and gas producer’s stock valued at $89,000 after buying an additional 3,917 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new stake in shares of Bonanza Creek Energy in the fourth quarter valued at $147,000.

BCEI stock traded down $0.55 during midday trading on Wednesday, reaching $18.40. The stock had a trading volume of 2,212 shares, compared to its average volume of 202,853. The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 0.10. Bonanza Creek Energy Inc has a twelve month low of $18.41 and a twelve month high of $40.38.

A number of analysts have recently weighed in on BCEI shares. Zacks Investment Research upgraded Bonanza Creek Energy from a “sell” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, May 1st. TheStreet upgraded Bonanza Creek Energy from a “d” rating to a “c-” rating in a research note on Friday, March 15th. Imperial Capital reiterated an “outperform” rating and issued a $35.00 price objective (up from $33.00) on shares of Bonanza Creek Energy in a research report on Friday, March 1st. Finally, Capital One Financial upgraded Bonanza Creek Energy from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. One 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 company’s stock. Bonanza Creek Energy currently has a consensus rating of “Hold” and an average price target of $34.25.

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About Bonanza Creek Energy

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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