Brokerages Expect Synergy Resources Corporation (SRCI) to Post $0.30 EPS
Wall Street analysts expect that Synergy Resources Corporation (NASDAQ:SRCI) will announce earnings per share (EPS) of $0.30 for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Synergy Resources’ earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.39. Synergy Resources posted earnings per share of $0.23 during the same quarter last year, which would indicate a positive year-over-year growth rate of 30.4%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 20th.
On average, analysts expect that Synergy Resources will report full-year earnings of $1.09 per share for the current year, with EPS estimates ranging from $1.00 to $1.20. For the next financial year, analysts forecast that the company will post earnings of $1.18 per share, with EPS estimates ranging from $0.61 to $2.14. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Synergy Resources.
Synergy Resources (NASDAQ:SRCI) last announced its earnings results on Wednesday, October 31st. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $160.98 million during the quarter, compared to analyst estimates of $155.20 million.
Shares of SRCI traded down $0.19 on Monday, hitting $5.05. The company’s stock had a trading volume of 3,509,655 shares, compared to its average volume of 4,163,332. Synergy Resources has a fifty-two week low of $4.01 and a fifty-two week high of $13.32.
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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