Eaton Vance Management Invests $12.56 Million in Bonanza Creek Energy, Inc. (BCEI) Stock

Eaton Vance Management acquired a new stake in Bonanza Creek Energy, Inc. (NYSE:BCEI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 396,226 shares of the oil and gas producer’s stock, valued at approximately $12,564,000. Eaton Vance Management owned approximately 1.95% of Bonanza Creek Energy as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Legal & General Group Plc acquired a new stake in Bonanza Creek Energy in the second quarter valued at approximately $156,000. Strs Ohio acquired a new stake in Bonanza Creek Energy in the second quarter valued at approximately $199,000. American Century Companies Inc. acquired a new stake in Bonanza Creek Energy in the second quarter valued at approximately $396,000. Bank of New York Mellon Corp grew its position in Bonanza Creek Energy by 44.0% in the second quarter. Bank of New York Mellon Corp now owns 71,446 shares of the oil and gas producer’s stock valued at $2,265,000 after acquiring an additional 21,823 shares in the last quarter. Finally, Rhumbline Advisers acquired a new stake in Bonanza Creek Energy in the second quarter valued at approximately $751,000. 91.04% of the stock is owned by institutional investors.

Bonanza Creek Energy, Inc. (NYSE BCEI) opened at 29.04 on Tuesday. Bonanza Creek Energy, Inc. has a 1-year low of $23.33 and a 1-year high of $40.60. The stock’s 50 day moving average price is $27.17 and its 200 day moving average price is $61.81. The stock’s market capitalization is $593.26 million.

TRADEMARK VIOLATION NOTICE: “Eaton Vance Management Invests $12.56 Million in Bonanza Creek Energy, Inc. (BCEI) Stock” was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://transcriptdaily.com/2017/09/12/eaton-vance-management-invests-12-56-million-in-bonanza-creek-energy-inc-bcei-stock.html.

Several brokerages have issued reports on BCEI. BMO Capital Markets reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Bonanza Creek Energy in a research report on Monday, May 15th. ValuEngine downgraded shares of Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Tuesday, July 4th. BidaskClub raised shares of Bonanza Creek Energy from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, KeyCorp reiterated a “hold” rating on shares of Bonanza Creek Energy in a research note on Wednesday, September 6th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $30.50.

Bonanza Creek Energy 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.

Want to see what other hedge funds are holding BCEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bonanza Creek Energy, Inc. (NYSE:BCEI).

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

Receive News & Ratings for Bonanza Creek Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bonanza Creek Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply