Zacks Investment Research cut shares of Bonanza Creek Energy (NYSE:BCEI) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday.

According to Zacks, “Bonanza Creek Energy, Inc. is engaged in the acquisition, exploration and development of onshore oil and natural gas properties in the United States. The Company’s core operating areas are the DJ Basin in Colorado and the Cotton Valley formation in southern Arkansas. Bonanza Creek Energy, Inc. is based in Denver, Colorado. “

A number of other analysts have also recently issued reports on BCEI. BidaskClub upgraded shares of Bonanza Creek Energy from a buy rating to a strong-buy rating in a research note on Wednesday, October 18th. KeyCorp reaffirmed a hold rating on shares of Bonanza Creek Energy in a research report on Monday, November 13th. Finally, ValuEngine raised shares of Bonanza Creek Energy from a sell rating to a hold rating in a research report on Wednesday, January 3rd. Six research analysts have rated the stock with a hold rating, Bonanza Creek Energy has an average rating of Hold and a consensus price target of $28.50.

Shares of Bonanza Creek Energy (NYSE BCEI) opened at $25.78 on Tuesday. Bonanza Creek Energy has a 12 month low of $23.33 and a 12 month high of $40.60.

In related news, major shareholder Whitebox Advisors Llc sold 500,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $32.01, for a total transaction of $16,005,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.57% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors increased its position in Bonanza Creek Energy by 36.2% during the third quarter. Nationwide Fund Advisors now owns 15,718 shares of the oil and gas producer’s stock worth $519,000 after acquiring an additional 4,175 shares during the period. Westwood Holdings Group Inc. bought a new position in Bonanza Creek Energy during the second quarter worth about $181,000. Alliancebernstein L.P. increased its position in Bonanza Creek Energy by 31.2% during the fourth quarter. Alliancebernstein L.P. now owns 26,380 shares of the oil and gas producer’s stock worth $728,000 after acquiring an additional 6,280 shares during the period. Bank of New York Mellon Corp increased its position in Bonanza Creek Energy by 8.1% during the fourth quarter. Bank of New York Mellon Corp now owns 93,321 shares of the oil and gas producer’s stock worth $2,574,000 after acquiring an additional 6,968 shares during the period. Finally, Q Global Advisors LLC increased its position in Bonanza Creek Energy by 6.7% during the third quarter. Q Global Advisors LLC now owns 130,533 shares of the oil and gas producer’s stock worth $4,306,000 after acquiring an additional 8,142 shares during the period. 91.17% of the stock is currently owned by institutional investors and hedge funds.

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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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