MKM Partners initiated coverage on shares of Synergy Resources (NASDAQ:SRCI) in a research note published on Wednesday morning, The Fly reports. The firm issued a buy rating on the stock.
Separately, Roth Capital upgraded shares of Synergy Resources from a neutral rating to a buy rating in a research report on Thursday, October 18th.
Shares of SRCI stock opened at $5.40 on Wednesday. Synergy Resources has a 52-week low of $5.59 and a 52-week high of $13.32.
Synergy Resources (NASDAQ:SRCI) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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.
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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