Why Cliff Asness’s Aqr Capital Management Llc Reported Bonanza Creek Energy, Inc Position?

February 15, 2018 - By Louis Casey

 Why Cliff Asness's Aqr Capital Management Llc Reported Bonanza Creek Energy, Inc Position?

The New Cliff Asness’s Aqr Capital Management Llc Holding in Bonanza Creek Energy, Inc

Aqr Capital Management Llc reported SC 13G form with the SEC for Bonanza Creek Energy, Inc. Access it here: 000108514618000852. As reported by Cliff Asness’s Aqr Capital Management Llc, the filler owns 5.09% or 1,041,970 shares of the Energy–company.

Bonanza Creek Energy, Inc stake is new for [reportingPerson]. Date of activity: December 29, 2017. This shows Cliff Asness’s Aqr Capital Management Llc’s positive view for Bonanza Creek Energy, Inc. For a hedge fund managing $164.00 billion in assets and having 400+ experts this is interesting position.

The hedge fund is investor in the Energy sector. In the manager’s last 13-F, we saw 9% of Cliff Asness’s Aqr Capital Management Llc’s portfolio is in the sector.

Bonanza Creek Energy, Inc Institutional Sentiment

Filings show 143 investors own Bonanza Creek Energy, Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 12345829. 69552266 were owned by these investors. 26 funds opened new Bonanza Creek Energy, Inc stakes, 75 increased positions. There were 42 that closed positions and 26 reduced them.

Oberweis Asset Management Inc is an investor bullish on Bonanza Creek Energy, Inc, owning 662737 shares as of Q3 2015 for 0.79% of its portfolio. Anthony Giammalva Sound Energy Partners Inc owns 282000 shares or 2.32% of its portfolio. E9 Vr Advisory Services Ltd have 1.11% of its portfolio for 180000 shares. Further, Jvl Advisors Llc reported stake worth 0.88% of its portfolio. The WA Columbia Pacific Advisors Llc owns 655000 shares. Bonanza Creek Energy, Inc is 2.73% of its portfolio.

Business Profile

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. 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. The main areas in which the Company operates in the Rocky Mountain region are the Wattenberg Field in Weld County, Colorado and the North Park Basin in Jackson County, Colorado. Its Wattenberg Field operations are in the oil and liquids-weighted extension area of the Wattenberg Field targeting the Niobrara and Codell formations. In southern Arkansas, it targets the oil-rich Cotton Valley sands in the Dorcheat Macedonia and McKamie Patton Fields.

SEC Form 13G.

Cliff Asness’s Aqr Capital Management Llc website.

Analysts await Bonanza Creek Energy, Inc. (NYSE:BCEI) to report earnings on March, 21. They expect $0.34 EPS, up 100.50 % or $67.76 from last year’s $-67.42 per share. BCEI’s profit will be $6.95M for 19.21 P/E if the $0.34 EPS becomes a reality. After $0.67 actual EPS reported by Bonanza Creek Energy, Inc. for the previous quarter, Wall Street now forecasts -49.25 % negative EPS growth.

The stock increased 1.52% or $0.39 during the last trading session, reaching $26.13. About 191,166 shares traded. Bonanza Creek Energy, Inc. (NYSE:BCEI) has declined 89.11% since February 15, 2017 and is downtrending. It has underperformed by 105.81% 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 $534.45 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 18 analysts covering Bonanza Creek Energy (NYSE:BCEI), 2 have Buy rating, 5 Sell and 11 Hold. Therefore 11% are positive. Bonanza Creek Energy has $3500 highest and $1 lowest target. $10.33’s average target is -60.47% below currents $26.13 stock price. Bonanza Creek Energy had 48 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Bonanza Creek Energy, Inc. (NYSE:BCEI) has “Hold” rating given on Thursday, September 29 by Stifel Nicolaus. On Wednesday, March 2 the stock rating was downgraded by KLR Group to “Hold”. The stock has “Hold” rating by Deutsche Bank on Friday, August 5. The firm has “In-Line” rating given on Wednesday, March 2 by Imperial Capital. On Friday, September 1 the stock rating was maintained by BMO Capital Markets with “Hold”. The firm has “Hold” rating by Johnson Rice given on Wednesday, March 2. The stock of Bonanza Creek Energy, Inc. (NYSE:BCEI) has “Hold” rating given on Tuesday, September 5 by KeyBanc Capital Markets. The rating was downgraded by Macquarie Research on Wednesday, September 9 to “Neutral”. The stock of Bonanza Creek Energy, Inc. (NYSE:BCEI) earned “Reduce” rating by SunTrust on Wednesday, July 27. As per Monday, November 9, the company rating was downgraded by Raymond James.

More notable recent Bonanza Creek Energy, Inc. (NYSE:BCEI) news were published by: Prnewswire.com which released: “WeissLaw LLP Investigates Bonanza Creek Energy Inc. Acquisition” on November 17, 2017, also Globenewswire.com with their article: “Bonanza Creek Energy Successfully Completes Prepackaged Financial …” published on April 28, 2017, Globenewswire.com published: “Bonanza Creek Energy Announces the Termination of its Merger Agreement with …” on December 28, 2017. More interesting news about Bonanza Creek Energy, Inc. (NYSE:BCEI) were released by: Seekingalpha.com and their article: “Bonanza Creek Energy’s (BCEI) Interim CEO Seth Bullock on Q2 2017 Results …” published on August 09, 2017 as well as Seekingalpha.com‘s news article titled: “Bonanza Creek Energy (BCEI) on SandRidge Energy Acquisition of Bonanza Creek …” with publication date: December 02, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.