Bonanza Creek: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

DENVER (AP) _ Bonanza Creek Energy Inc. (BCEI) on Wednesday reported fourth-quarter net income of $60.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Denver-based company said it had profit of $2.89. Earnings, adjusted for non-recurring costs, were $3.89 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.

The oil and gas company posted revenue of $62.6 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $66.4 million.

For the year, the company reported profit of $103.5 million, or $4.95 per share. Revenue was reported as $218.1 million.

Bonanza Creek shares have increased 40% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.01, a rise of 52% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BCEI at https://www.zacks.com/ap/BCEI