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Last $6.69 USD
Change Today +0.76 / 12.82%
Volume 5.4M
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

bonanza creek energy inc (BCEI) Snapshot

Open
$5.82
Previous Close
$5.93
Day High
$7.50
Day Low
$5.81
52 Week High
09/2/14 - $61.90
52 Week Low
08/26/15 - $4.86
Market Cap
332.8M
Average Volume 10 Days
2.9M
EPS TTM
$0.54
Shares Outstanding
49.7M
EX-Date
--
P/E TM
12.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for BONANZA CREEK ENERGY INC (BCEI)

bonanza creek energy inc (BCEI) Related Businessweek News

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bonanza creek energy inc (BCEI) Details

Bonanza Creek Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of onshore oil and associated liquids natural gas in the United States. The company’s oil and liquids weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas. It also owns and operates oil-producing assets in the North Park Basin in Colorado; and the McKamie Patton Field in Southern Arkansas. The company was founded in 2010 and is headquartered in Denver, Colorado.

334 Employees
Last Reported Date: 02/27/15
Founded in 2010

bonanza creek energy inc (BCEI) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $63.9K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $344.2K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $338.5K
Executive Vice President, General Counsel and...
Total Annual Compensation: $287.5K
Chief Accounting Officer and Vice President
Total Annual Compensation: $254.5K
Compensation as of Fiscal Year 2014.

bonanza creek energy inc (BCEI) Key Developments

Bonanza Creek Energy, Inc., Q2 2015 Earnings Call, Jul 28, 2015

Bonanza Creek Energy, Inc., Q2 2015 Earnings Call, Jul 28, 2015

Bonanza Creek Energy, Inc. Reports Unaudited Financial and Operating Results for the Second Quarter and Cash Flow Results for the Six Months Ended June 30, 2015; Provides Sales Guidance for the Third Quarter of 2015; Updates Financial Guidance for 2015

Bonanza Creek Energy, Inc. reported unaudited financial and operating results for the second quarter and cash flow results for the six months ended June 30, 2015. Net revenue for second quarter 2015 was $90.4 million, compared to $151.7 million for second quarter 2014. Adjusted EBITDAX for second quarter 2015 was $74.0 million, compared to $97.4 million for the second quarter 2014. Reported net loss for second quarter 2015 was $41.2 million, or $0.83 per diluted share, compared to net income of $1.2 million, or $0.03 per diluted share, for second quarter 2014. Adjusted net loss for second quarter 2015 was $6.9 million, or $0.14 per diluted share, compared to adjusted net income of $20.7 million, or $0.52 per diluted share for second quarter 2014. Loss from operations was $46,423,000 compared to income of $38,641,000 a year ago. Loss from continuing operations before taxes was $66,171,000 compared to income of $2,067,000 a year ago. Loss from continuing operations was $41,164,000 or $0.83 per diluted share compared to income of $1,271,000 or $0.03 per diluted share a year ago. Adjusted net loss was $6,905,000 or $0.14 per diluted share compared to income of $20,746,000 or $0.52 per diluted share a year ago. For the six months, net cash provided by operating activities was $48,163,000 compared to $157,969,000 a year ago. Acquisition of oil and gas properties was $11,914,000 compared to $3,091,000 a year ago. Natural gas plant capital expenditure was $113,000 compared to $271,000 a year ago. Addition to property and equipment - non oil and gas was $649,000 compared to $3,989,000 a year ago. For the quarter, the company spud 19 gross operated (14.1 net) horizontal wells and tied 21 gross operated (18.6 net) horizontal wells into sales during the quarter. The company did not participate in any new non-operated activities during the second quarter. Spud and completion activity began the quarter ahead of the company's 2015 plan, but rainfall that was unseasonal in its consistency and magnitude during May and June slowed activity with poor road conditions and periodic flooding along the South Platte River. During May and June, the Company completed 8 gross (6.6 net) fewer SRL-equivalent wells than planned. For the second quarter, upstream capital costs incurred for the region were $138.6 million. During second quarter 2015, the company achieved average sales volumes of 28.0 Mboe/d, comprised of 60% crude oil, 17% NGLs and 23% natural gas, increasing total sales volumes by 14% over estimated 3-stream volumes in the second quarter of 2014. For the first 20 days of July, estimated sales volumes averaged 29.4 Mboe/d. During the second quarter 2015, Bonanza Creek spud 7 gross (5.9 net) Cotton Valley wells, tied 8 gross (7.6 net) wells into sales and performed 25 gross (20.9 net) recompletions. For the second quarter, capital costs incurred for the region were $19.4 million. The company is establishing forward quarter guidance for sales volumes in the third quarter of 28.6 Mboe/d. Based on year to date results, it is narrowing the range of its annual sales volume guidance by lowering the top end of the range from 30.7 Mboe/d to 29.0 Mboe/d resulting in a new mid-point of 28.4 Mboe/d. Annual ranges for LOE and Cash G&A are unchanged. Annual guidance for production taxes has been lowered from 10% to 6% based on levels year to date that were lower than budgeted and the anticipation of a non-recurring severance tax credit expected during the third quarter. Annual capital expenditure guidance is unchanged and expected at $400 - $440 million, due to higher net capital associated with RMI that was previously allocated to non-operated working interest partners ($22.5 million) and increased working interests on wells drilled within the 2015 capital program ($17.0 million). Offsetting these increases, the company believes decreased well costs will generate $40 million in savings relative to assumptions employed in the construction of the original 2015 budget.

Bonanza Creek Energy, Inc. Presents at Heikkinen Energy Advisors Energy Conference, Aug-26-2015

Bonanza Creek Energy, Inc. Presents at Heikkinen Energy Advisors Energy Conference, Aug-26-2015 . Venue: Houston, Texas, United States.

 

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BCEI

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Valuation BCEI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 0.4x
Price/Cash Flow 0.8x
TEV/Sales NM Not Meaningful
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