Bonanza Creek Energy Inc(NYSE:BCEI) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 15, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $47.266M. Analysts estimated a revenue of $47.890M. The revenues were -1.3% below the estimates. Earnings per share were $-0.57. The reported EPS was below estimates by -119.23%. Analysts had estimated an EPS of $-0.26.
Bonanza Creek Energy Inc (BCEI) shares turned negative on Fridays trading session with the shares closing down -0.08 points or -7.41% at a volume of 19,69,604. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.07. The peak price level was also seen at $1.07 while the days lowest was $0.9668. Finally the shares closed at $1. The 52-week high of the shares is $4.67 while the 52-week low is $0.6. According to the latest information available, the market cap of the company is $50 M.
Several Insider Transactions has been reported to the SEC. On Jan 6, 2017, Tree Inc. Fir (10% owner) purchased 3,618,922 shares at $1.39 per share price.
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%.