Synergy Resources Corporation (SRCI) Expected to Announce Earnings of $0.31 Per Share

Wall Street brokerages expect Synergy Resources Corporation (NASDAQ:SRCI) to post $0.31 earnings per share for the current quarter, according to Zacks. Ten analysts have issued estimates for Synergy Resources’ earnings, with estimates ranging from $0.23 to $0.39. Synergy Resources reported earnings per share of $0.23 in the same quarter last year, which suggests a positive year over year growth rate of 34.8%. The company is expected to announce its next earnings report on Wednesday, February 20th.

On average, analysts expect that Synergy Resources will report full year earnings of $1.10 per share for the current financial year, with EPS estimates ranging from $0.92 to $1.20. For the next financial year, analysts expect that the company will post earnings of $1.41 per share, with EPS estimates ranging from $1.02 to $2.14. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Synergy Resources.

Separately, Roth Capital upgraded Synergy Resources from a “neutral” rating to a “buy” rating in a report on Thursday, October 18th.

Shares of Synergy Resources stock traded up $0.08 on Wednesday, reaching $6.00. The company had a trading volume of 217,006 shares, compared to its average volume of 3,106,244. Synergy Resources has a 1 year low of $5.77 and a 1 year high of $13.32.

About Synergy Resources

SRC Energy Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Denver-Julesburg Basin of Colorado. As of December 31, 2017, it had net proved oil and natural gas reserves of 69.4 million barrels of oil and condensate, 559.9 billion cubic feet of natural gas, and 64.0 million barrels of natural gas liquids; and operated 551 net producing wells, as well as had 98,600 gross and 88,300 net acres under lease in the Wattenberg Field.

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