Bonanza Creek Energy Announces Third Quarter 2016 Financial and Operating Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/2/2026
- Wall St set to snap three-day losing streak as stocks reclaim some shine
- Oil settles 1% higher, as US-Iran strikes threaten supplies
- Dell again lifts annual forecasts as AI demand powers record results
- Could Apple’s foldable iPhone be a $14B opportunity? Morgan Stanley weighs in
- Uber stock gains 2% as tech giant cuts 3,300 jobs in major restructuring
- GoPro to merge with Starman Optical in $285M recapitalization deal
- GoPro (GPRO) Halted, News Pending
- Crude Inventory Fell 4.5M Barrels Last Week - EIA
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- TScan cuts 75% of workforce, pivots to solid tumor cell therapy
Bonanza Creek Energy (BCEI) Misses Q3 EPS by 7c
November 9, 2016 9:03 AM ESTBonanza Creek Energy (NYSE: BCEI) reported Q3 EPS of ($0.35), $0.07 worse than the analyst estimate of ($0.28). Revenue for the quarter came in at $49.3 million versus the consensus estimate of $52.32 million.
Debt and Liquidity
The Company has a $1.0 billion revolving credit facility, which was redetermined on October 31, the "Redetermination Date" to an approved borrowing base and commitment amount of $150 million. As of September 30, 2016, the Company had borrowings under its credit facility of $229.3 million and cash totaling $133.4 million. As the outstanding borrowings on the credit facility exceed the newly redetermined borrowing... More
