Synergy Resources Corporation is engaged in the acquisition, development, exploitation, exploration, and production of oil and natural gas properties and could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on SYRG’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Synergy Resources could be a solid choice for investors.
Current Quarter Estimates for SYRG
In the past 60 days, 7 estimates have gone higher for Synergy Resources while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from breakeven to penny per share, over the last 60 days.
Current Year Estimates for SYRG
Meanwhile, Synergy Resources’ current year figures are also looking quite promising, with 4 estimates moving higher in the past two months, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 7 cents per share 60 days ago to a loss of 3 cents per share today, an increase of over 100%.
Bottom Line
The stock has also started to move higher lately, adding 17% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
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Surging Earnings Estimates Signal Good News for Synergy Resources (SYRG)
Synergy Resources Corporation is engaged in the acquisition, development, exploitation, exploration, and production of oil and natural gas properties and could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on SYRG’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Synergy Resources could be a solid choice for investors.
Current Quarter Estimates for SYRG
In the past 60 days, 7 estimates have gone higher for Synergy Resources while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from breakeven to penny per share, over the last 60 days.
Current Year Estimates for SYRG
Meanwhile, Synergy Resources’ current year figures are also looking quite promising, with 4 estimates moving higher in the past two months, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 7 cents per share 60 days ago to a loss of 3 cents per share today, an increase of over 100%.
SYNERGY RES CP Price and Consensus
SYNERGY RES CP Price and Consensus | SYNERGY RES CP Quote
Bottom Line
The stock has also started to move higher lately, adding 17% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>