Mangrove Partners Master Fund, Ltd decreased Its Bonanza Creek Energy, Inc Stake

May 17, 2018 - By Eugene Smith

Bonanza Creek Energy, Inc. (NYSE:BCEI) Logo

Mangrove Partners Master Fund, Ltd Reported reduced Stake in Bonanza Creek Energy, Inc

Mangrove Partners Master Fund, Ltd filed with SEC a SC 13D/A form for Bonanza Creek Energy, Inc. It can be found at: 000090514818000520. As reported by Mangrove Partners Master Fund, Ltd, the filler decreased its stake in the stock by -52.11 % for 1,193,900 shares. Mangrove Partners Master Fund, Ltd currently owns 5.8% of the Energy- stock. Date of activity: May 16, 2018.

SEC Form 13D.

Analysts await Bonanza Creek Energy, Inc. (NYSE:BCEI) to report earnings on August, 14. They expect $0.74 earnings per share, up 174.07 % or $0.47 from last year’s $0.27 per share. BCEI’s profit will be $15.17M for 12.15 P/E if the $0.74 EPS becomes a reality. After $1.07 actual earnings per share reported by Bonanza Creek Energy, Inc. for the previous quarter, Wall Street now forecasts -30.84 % negative EPS growth.

The stock increased 8.02% or $2.67 during the last trading session, reaching $35.95. About 771,660 shares traded or 236.41% up from the average. Bonanza Creek Energy, Inc. (NYSE:BCEI) has declined 77.04% since May 18, 2017 and is downtrending. It has underperformed by 88.59% the S&P500.

Bonanza Creek Energy, Inc., an independent oil and natural gas company, engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the United States. The company has market cap of $736.86 million. 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. It currently has negative earnings. It also owns and operates oil-producing assets in the North Park Basin in Colorado; and the McKamie Patton Field in southern Arkansas.

Bonanza Creek Energy, Inc. (NYSE:BCEI) Ratings Coverage

Among 2 analysts covering Bonanza Creek (NYSE:BCEI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Bonanza Creek has $3700 highest and $2700 lowest target. $32’s average target is -10.99% below currents $35.95 stock price. Bonanza Creek had 2 analyst reports since April 11, 2018 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, April 11. The firm has “Buy” rating given on Thursday, April 26 by Imperial Capital.

More notable recent Bonanza Creek Energy, Inc. (NYSE:BCEI) news were published by: Globenewswire.com which released: “Bonanza Creek Energy Announces First Quarter 2018 Financial Results and Operational Update” on May 08, 2018, also Seekingalpha.com with their article: “US Shale: NAV Analysis Of Diversified Oil-Weighted E&Ps” published on April 24, 2018, Seekingalpha.com published: “US Shale: NAV Analysis Of Anadarko Basin E&Ps” on May 10, 2018. More interesting news about Bonanza Creek Energy, Inc. (NYSE:BCEI) were released by: Globenewswire.com and their article: “New Research: Key Drivers of Growth for Bonanza Creek Energy, MarketAxess, LivaNova, Cintas, Bio-Techne, and …” published on April 18, 2018 as well as Globenewswire.com‘s news article titled: “Bonanza Creek Energy Announces the Date of its First Quarter 2018 Earnings Release and Conference Call” with publication date: April 20, 2018.

Bonanza Creek Energy, Inc. (NYSE:BCEI) Ratings Chart

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