Bonanza Creek Energy Inc (BCEI) announced its most recent quarterly financial results on Wednesday, Mar-15-2017. BCEI reported $-0.57 earnings per share for the quarter, missing the analyst consensus estimate by $-0.25. Analysts had a consensus of $-0.32. The company posted revenue of $47.30 million in the period, compared to analysts expectations of $48.10 million. BCEI’s revenue was down -4.1% compared to the same quarter last year.
Bonanza Creek Energy Inc closed down -0.08 points or -7.41% at $1 with 19,69,604 shares getting traded on Friday. Post opening the session at $1.06, the shares hit an intraday low of $0.9668 and an intraday high of $1.07 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Bonanza Creek Energy Inc. is an energy company engaged in the acquisition exploration development and production of onshore oil and associated liquids-rich natural gas in the United States. Its oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado which the Company has designated the Rocky Mountain region and the Dorcheat Macedonia Field in Southern Arkansas which it has designated the Mid-Continent region. 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. It operates approximately 98% of its proved reserves with an average working interest of approximately 86%.