Short Interest of The Day: A Reversal for Bonanza Creek Energy Incorporated (NYSE:BCEI) Is Near. The Stock Has Decrease in Shorts

November 25, 2016 - By Nellie Frank   ·   0 Comments

Short Interest of The Day: A Reversal for Bonanza Creek Energy Incorporated (NYSE:BCEI) Is Near. The Stock Has Decrease in Shorts

The stock of Bonanza Creek Energy Incorporated (NYSE:BCEI) registered a decrease of 17.05% in short interest. BCEI’s total short interest was 9.57 million shares in November as published by FINRA. Its down 17.05% from 11.54 million shares, reported previously. With 1.24 million shares average volume, it will take short sellers 8 days to cover their BCEI’s short positions. The short interest to Bonanza Creek Energy Incorporated’s float is 19.48%. About 96,804 shares traded hands. Bonanza Creek Energy Inc (NYSE:BCEI) has declined 70.86% since April 22, 2016 and is downtrending. It has underperformed by 76.27% the S&P500.

Bonanza Creek Energy, Inc. is an independent energy firm engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The company has a market cap of $49.19 million. 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. It currently has negative earnings. In addition, the Company owns and operates oil-producing assets in the North Park Basin in Colorado and the McKamie Patton Field in southern Arkansas.

Insitutional Activity: The institutional sentiment decreased to 0.51 in Q2 2016. Its down 0.08, from 0.59 in 2016Q1. The ratio dived, as 25 funds sold all Bonanza Creek Energy Inc shares owned while 41 reduced positions. 14 funds bought stakes while 25 increased positions. They now own 35.66 million shares or 24.70% less from 47.36 million shares in 2016Q1.
Bank Of Montreal Can last reported 0% of its portfolio in the stock. Moreover, Ls Inv Ltd Co has 0% invested in Bonanza Creek Energy Inc (NYSE:BCEI) for 1,303 shares. Texas Permanent School Fund holds 31,112 shares or 0% of its portfolio. Jvl Advsr Ltd Liability holds 0.91% of its portfolio in Bonanza Creek Energy Inc (NYSE:BCEI) for 1.98 million shares. Profund Advsrs Limited Liability Corp owns 12,214 shares or 0% of their US portfolio. Cubist Systematic Strategies accumulated 71,366 shares or 0.01% of the stock. Kcg last reported 0.01% of its portfolio in the stock. Nationwide Fund Advsrs last reported 1,221 shares in the company. Blackrock Group Inc Ltd holds 25,875 shares or 0% of its portfolio. Segall Bryant & Hamill Lc, a Illinois-based fund reported 107,208 shares. Fir Tree Inc last reported 0.17% of its portfolio in the stock. Goldman Sachs Gp last reported 662,733 shares in the company. Springbok Management Lc last reported 0% of its portfolio in the stock. Whittier Trust Co accumulated 2,025 shares or 0% of the stock. The Ontario – Canada-based Manufacturers Life Insur The has invested 0% in Bonanza Creek Energy Inc (NYSE:BCEI).

Bonanza Creek Energy Inc (NYSE:BCEI) Ratings Coverage

Out of 16 analysts covering Bonanza Creek Energy (NYSE:BCEI), 2 rate it a “Buy”, 5 “Sell”, while 9 “Hold”. This means 13% are positive. Bonanza Creek Energy has been the topic of 42 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Raymond James downgraded the shares of BCEI in a report on Monday, November 9 to “Market Perform” rating. The company was downgraded on Tuesday, March 8 by Credit Suisse. The rating was downgraded by Imperial Capital on Wednesday, May 25 to “Underperform”. Topeka Capital Markets maintained the shares of BCEI in a report on Friday, May 6 with “Hold” rating. The stock has “Outperform” rating given by Imperial Capital on Friday, July 31. On Wednesday, October 14 the stock rating was maintained by Deutsche Bank with “Hold”. Johnson Rice downgraded the shares of BCEI in a report on Wednesday, March 2 to “Hold” rating. The firm earned “Neutral” rating on Tuesday, October 13 by JP Morgan. The stock of Bonanza Creek Energy Inc (NYSE:BCEI) has “Buy” rating given on Tuesday, July 28 by Topeka Capital Markets. Topeka Capital Markets maintained Bonanza Creek Energy Inc (NYSE:BCEI) on Wednesday, January 20 with “Buy” rating.

BCEI Company Profile

Bonanza Creek Energy, Inc. (Bonanza Creek), incorporated on December 2, 2010, is an independent energy firm 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. In addition, the Company owns and operates oil-producing assets in the North Park Basin in Colorado and the McKamie Patton Field in southern Arkansas.

More news for Bonanza Creek Energy Inc (NYSE:BCEI) were recently published by: Zacks.com, which released: “Why You Shouldn’t Bet Against Bonanza Creek Energy, Inc. (BCEI) Stock” on July 05, 2016. Seekingalpha.com‘s article titled: “Is Bonanza Creek Energy In Serious Trouble?” and published on September 19, 2016 is yet another important article.

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By Nellie Frank


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