Bonanza Creek: 2Q Earnings Snapshot
DENVER (AP) _ Bonanza Creek Energy Inc. (BCEI) on Wednesday reported second-quarter earnings of $41 million.
The Denver-based company said it had net income of $1.99 per share. Earnings, adjusted for non-recurring gains, came to $1.62 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The oil and gas company posted revenue of $85.8 million in the period.
Bonanza Creek shares have decreased slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.59, a fall of 45% in the last 12 months.