Friday, August 3, 2018

Favorable News Coverage Somewhat Unlikely to Affect Synergy Resources (SRCI) Stock Price

News stories about Synergy Resources (NASDAQ:SRCI) have trended positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Synergy Resources earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave headlines about the company an impact score of 48.2051069806464 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

SRCI has been the topic of a number of research reports. Capital One Financial lowered shares of Synergy Resources from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 24th. Seaport Global Securities reiterated a “neutral” rating on shares of Synergy Resources in a research note on Tuesday, July 24th. Finally, Roth Capital lowered shares of Synergy Resources from a “buy” rating to a “neutral” rating in a research note on Monday, April 30th.

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Shares of Synergy Resources opened at $11.31 on Thursday, according to MarketBeat.com. Synergy Resources has a 52 week low of $7.37 and a 52 week high of $13.32.

Synergy Resources (NASDAQ:SRCI) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. The company had revenue of $147.23 million during the quarter, compared to analyst estimates of $146.40 million.

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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