Bridgeway Capital Management Inc. Acquires Shares of 110,300 Bonanza Creek Energy Inc (BCEI)

Bridgeway Capital Management Inc. acquired a new position in shares of Bonanza Creek Energy Inc (NYSE:BCEI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 110,300 shares of the oil and gas producer’s stock, valued at approximately $3,285,000. Bridgeway Capital Management Inc. owned approximately 0.54% of Bonanza Creek Energy as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BCEI. BlackRock Inc. boosted its stake in shares of Bonanza Creek Energy by 92.3% during the 3rd quarter. BlackRock Inc. now owns 2,774,826 shares of the oil and gas producer’s stock valued at $82,633,000 after buying an additional 1,331,837 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Bonanza Creek Energy by 26.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,316,404 shares of the oil and gas producer’s stock valued at $39,202,000 after buying an additional 271,240 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Bonanza Creek Energy by 131.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 881,815 shares of the oil and gas producer’s stock valued at $26,261,000 after buying an additional 501,532 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Bonanza Creek Energy during the 3rd quarter valued at $11,279,000. Finally, Nomura Holdings Inc. boosted its stake in shares of Bonanza Creek Energy by 1.0% during the 2nd quarter. Nomura Holdings Inc. now owns 250,037 shares of the oil and gas producer’s stock valued at $9,461,000 after buying an additional 2,388 shares during the period.

BCEI stock opened at $26.53 on Monday. Bonanza Creek Energy Inc has a 1 year low of $23.66 and a 1 year high of $40.38. The firm has a market capitalization of $545.03 million, a P/E ratio of 5.59 and a beta of 1.46.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Bonanza Creek Energy from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, October 23rd. ValuEngine lowered shares of Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, August 10th. Imperial Capital lifted their price objective on shares of Bonanza Creek Energy to $53.00 in a research note on Friday, October 19th. Finally, Telsey Advisory Group reduced their price objective on shares of Bonanza Creek Energy from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Bonanza Creek Energy currently has an average rating of “Hold” and an average target price 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.

Further Reading: What is Considered a Good Return on Equity (ROE)?

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

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