DENVER (AP) _ Bonanza Creek Energy Inc. (BCEI) on Wednesday reported a loss of $7 million in its first quarter.
On a per-share basis, the Denver-based company said it had a loss of 34 cents. Earnings, adjusted for non-recurring costs and stock option expense, were $1.56 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The oil and gas company posted revenue of $72.6 million in the period.
Bonanza Creek shares have increased 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.38, a decline of 26% in the last 12 months.
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