Wall Street brokerages expect that Synergy Resources Corporation (NASDAQ:SRCI) will report earnings per share (EPS) of $0.25 for the current quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Synergy Resources’ earnings. The lowest EPS estimate is $0.18 and the highest is $0.32. Synergy Resources also reported earnings per share of $0.25 during the same quarter last year. The business is expected to issue its next earnings report on Wednesday, August 7th.

On average, analysts expect that Synergy Resources will report full-year earnings of $0.97 per share for the current year, with EPS estimates ranging from $0.71 to $1.20. For the next year, analysts anticipate that the business will post earnings of $1.09 per share, with EPS estimates ranging from $0.69 to $2.73. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Synergy Resources.

Synergy Resources (NASDAQ:SRCI) last issued its earnings results on Wednesday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. The company had revenue of $189.46 million during the quarter, compared to analysts’ expectations of $178.20 million.

A number of brokerages have recently weighed in on SRCI. Ifs Securities raised shares of SRC Energy from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, April 23rd. BidaskClub cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Synergy Resources has a consensus rating of “Buy” and an average price target of $9.00.

Synergy Resources stock traded down $0.02 during mid-day trading on Tuesday, reaching $4.31. The company had a trading volume of 3,474,091 shares, compared to its average volume of 4,140,701. The business’s 50-day simple moving average is $4.76. Synergy Resources has a 1 year low of $4.01 and a 1 year high of $12.03.

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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