DENVER, November 3, 2019 – Shares of Bonanza Creek Energy Inc. (NYSE: BCEI) inclined 2.97% to $18.35. The stock traded total volume of 151.161K shares lower than the average volume of 206.32K shares.
For the second quarter of 2019, Bonanza Creek Energy, Inc. (BCEI) reported net oil and gas revenue of $85.80M compared to $72.60M for the first quarter of 2019. The increase was primarily a result of increased production and higher oil realizations, partially offset by lower natural gas and NGL realized prices. Crude oil accounted for approximately 87% of total revenue for the quarter. Differentials for the Company’s oil production during the quarter averaged approximately $5.90 per barrel off of NYMEX WTI.
The Company’s general and administrative (“G&A”) expenses were $9.80M for the second quarter of 2019, which included $1.80M in non-cash stock-based compensation. Cash G&A, which excludes stock-based compensation, of $8.00M for the second quarter was down from $8.90M in the first quarter of 2019. On a per unit basis, the Company’s Cash G&A decreased 24% sequentially from $4.77 per Boe in the first quarter to $3.61 per Boe in the second quarter.
BCEI has the market capitalization of $378.74M and its EPS growth ratio for the past five years was -46.80%. The return on assets ratio of the Company was 17.30% while its return on investment ratio stands at 12.30%. Price to sales ratio was 1.27.