California Public Employees Retirement System decreased its position in Bonanza Creek Energy, Inc. (NYSE:BCEI) by 5.9% during the first quarter, Holdings Channel reports. The firm owned 973,100 shares of the oil and gas producer’s stock after selling 61,200 shares during the period. California Public Employees Retirement System’s holdings in Bonanza Creek Energy were worth $1,129,000 at the end of the most recent reporting period.

Separately, KBC Group NV increased its stake in Bonanza Creek Energy by 73.9% in the first quarter. KBC Group NV now owns 500,608 shares of the oil and gas producer’s stock worth $581,000 after buying an additional 212,675 shares during the period.

Shares of Bonanza Creek Energy, Inc. (NYSE:BCEI) traded up 1.05% on Friday, hitting $29.95. The company had a trading volume of 28,040 shares. The firm’s market capitalization is $611.85 million. Bonanza Creek Energy, Inc. has a 12-month low of $25.76 and a 12-month high of $377.17. The firm has a 50 day moving average of $28.79 and a 200-day moving average of $98.17.

Bonanza Creek Energy (NYSE:BCEI) last released its earnings results on Wednesday, May 10th. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by $0.02. Bonanza Creek Energy had a negative return on equity of 24.22% and a negative net margin of 53.37%. The company had revenue of $52.56 million for the quarter. On average, equities analysts predict that Bonanza Creek Energy, Inc. will post ($0.89) EPS for the current year.

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BCEI has been the topic of a number of recent analyst reports. Capital One Financial Corporation reissued an “equal weight” rating on shares of Bonanza Creek Energy in a research note on Tuesday, May 2nd. Zacks Investment Research raised Bonanza Creek Energy from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Thursday, May 11th. BMO Capital Markets reissued a “hold” rating and issued a $35.00 price objective on shares of Bonanza Creek Energy in a research note on Monday, May 15th. ValuEngine downgraded Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Finally, BidaskClub downgraded Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Bonanza Creek Energy presently has an average rating of “Hold” and a consensus price target of $30.50.

About Bonanza Creek Energy

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

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