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Bonanza Creek: 3Q Earnings Snapshot

·1 min read

DENVER (AP) _ Bonanza Creek Energy Inc. (BCEI) on Thursday reported third-quarter profit of $3.3 million.

The Denver-based company said it had profit of 16 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 50 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The oil and gas company posted revenue of $58.9 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $65.2 million.

Bonanza Creek shares have declined 25% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.41, a decrease of 11% 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