Equities analysts expect Synergy Resources Corporation (NASDAQ:SRCI) to report $0.19 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Synergy Resources’ earnings. The highest EPS estimate is $0.29 and the lowest is $0.13. Synergy Resources reported earnings of $0.26 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 26.9%. The firm is expected to issue its next earnings results on Wednesday, October 30th.
On average, analysts expect that Synergy Resources will report full-year earnings of $0.89 per share for the current year, with EPS estimates ranging from $0.74 to $1.13. For the next fiscal year, analysts anticipate that the company will report earnings of $0.91 per share, with EPS estimates ranging from $0.47 to $2.46. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Synergy Resources.
Synergy Resources (NASDAQ:SRCI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $162.60 million during the quarter, compared to analyst estimates of $179.12 million.
SRCI has been the topic of a number of recent analyst reports. BidaskClub raised Synergy Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 21st. Capital One Financial raised Synergy Resources from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. Synergy Resources presently has an average rating of “Buy” and a consensus target price of $9.00.
Synergy Resources stock traded up $0.23 on Friday, reaching $5.18. The company’s stock had a trading volume of 4,389,828 shares, compared to its average volume of 4,760,683. The business’s fifty day moving average price is $4.45 and its 200 day moving average price is $4.97. Synergy Resources has a twelve month low of $3.17 and a twelve month high of $9.29.
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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