NEW YORK (TheStreet) -- Shares of Bonanza Creek Energy (BCEI) - Get Report were falling 3.3% to $8.61 on heavy trading volume Tuesday after the oil and gas company missed analysts' estimates for earnings and revenue in the second quarter.

Bonanza Creek reported a loss of 14 cents a share for the second quarter, missing analysts' estimates of a loss of 10 cents a share. Revenue fell 40.4% year over year to $90.42 million, below analysts' estimates of $101.41 million.

The company said that sales volumes grew 14% from the year-ago quarter to 28 million barrels of oil equivalent a day.

Bonanza Creek expects to sell an average of about 28.6 million barrels of oil equivalent a day in the third quarter and between 27.8 million and 29 million barrels a day for the full year 2015.

About 4.6 million shares of Bonanza Creek Energy were traded by 12:08 p.m. Tuesday, well above the company's average trading volume of about 1.7 million shares a day.

TheStreet Ratings team rates BONANZA CREEK ENERGY INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate BONANZA CREEK ENERGY INC (BCEI) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."

You can view the full analysis from the report here: BCEI Ratings Report

BCEI data by YCharts

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