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Stock Market & Financial Investment News

News Breaks
March 7, 2013
14:05 EDTSYRGSynergy Resources enters into joint venture in Wattenburg Extension
Synergy Resources entered into a joint venture agreement with Vecta Oil & Gas on March 1 to jointly develop oil and gas leases covering lands in Morgan & Weld counties, Colorado. Synergy and Vecta will each contribute acreage to the JV. The JV will delineate two separate areas of mutual interest. In the first area covering 45,661 net acres, Synergy will have a 35% working interest and the second area covering 2,983 net acres, Synergy will have a 65% working interest. Synergy will be the designated operator of both areas. Synergy will pay to Vecta a leasehold reimbursement fee consisting of a cash payment of $2.84M and the issuance to Vecta of 100,000 shares of its restricted common stock having a value, for purposes of the agreement, of approximately $640,000. Synergy's net acreage position in the Wattenberg Extension Area has increased by 36% to approximately 19,400 acres.
News For SYRG From The Last 14 Days
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April 15, 2015
15:27 EDTSYRGSynergy Resources management to meet with SunTrust
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15:25 EDTSYRGSynergy Resources management to meet with Johnson Rice
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April 10, 2015
09:09 EDTSYRGSynergy Resources price target raised to $18 from $15 at Roth Capital
Roth Capital increased its price target on Synergy as the firm is encouraged by the company's cost reduction goals. The firm reiterates a Buy rating on the shares.
April 9, 2015
08:01 EDTSYRGSynergy Resources reports Q2 EPS 5c, consensus 4c
Reports Q2 revenue $23.7M, consensus $28.02M. The year-over-year revenue improvement was attributed to a 98% increase in production, primarily from the new horizontal wells brought on line and production from the Bayswater acquisition that closed in December 2014. Revenue growth was offset by a 48% decrease in the realized average selling price per BOE. During fiscal Q2, average selling prices were $43.51 per barrel of oil and $3.38 per mcf of gas, as compared to $86.82 and $5.93, respectively, a year ago.
April 8, 2015
15:25 EDTSYRGNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Walgreens Boots Alliance (WBA), consensus 95c... Constellation Brands (STZ), consensus 94c... Synergy Resources (SYRG), consensus 4c.

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