Bonanza Creek: 3Q Earnings Snapshot
DENVER (AP) _ Bonanza Creek Energy Inc. (BCEI) on Wednesday reported third-quarter profit of $35.9 million.
The Denver-based company said it had profit of $1.74 per share. Earnings, adjusted for non-recurring gains, were $1.42 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The oil and gas company posted revenue of $75.2 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $77.7 million.
Bonanza Creek shares have declined 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.78, a decrease of 27% in the last 12 months.