Roth Capital upgraded shares of Synergy Resources (NASDAQ:SRCI) from a neutral rating to a buy rating in a report issued on Thursday morning.

Separately, Seaport Global Securities restated a neutral rating on shares of Synergy Resources in a report on Tuesday, July 24th.

Shares of NASDAQ:SRCI traded down $0.30 during midday trading on Thursday, hitting $8.33. 5,652,207 shares of the stock were exchanged, compared to its average volume of 2,998,722. Synergy Resources has a 12 month low of $7.76 and a 12 month high of $13.32.

Synergy Resources (NASDAQ:SRCI) last released its quarterly earnings results on Wednesday, August 1st. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm had revenue of $147.09 million for the quarter, compared to the consensus estimate of $144.87 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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