Brokerages Anticipate Synergy Resources Corporation (SRCI) Will Post Earnings of $0.31 Per Share
Equities research analysts forecast that Synergy Resources Corporation (NASDAQ:SRCI) will post earnings per share (EPS) of $0.31 for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Synergy Resources’ earnings, with estimates ranging from $0.23 to $0.39. Synergy Resources posted earnings per share of $0.23 in the same quarter last year, which would suggest a positive year over year growth rate of 34.8%. The company is expected to report its next earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Synergy Resources will report full year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $0.92 to $1.20. For the next year, analysts anticipate that the business will post earnings of $1.41 per share, with EPS estimates ranging from $1.02 to $2.14. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Synergy Resources.
Several research firms have weighed in on SRCI. Seaport Global Securities reaffirmed a “neutral” rating on shares of Synergy Resources in a research note on Tuesday, July 24th. Roth Capital raised shares of Synergy Resources from a “neutral” rating to a “buy” rating in a research note on Thursday, October 18th.
Synergy Resources Company Profile
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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