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Wednesday, August 17, 2022

Synergy Resources reports 1Q loss

DENVER (AP) _ Synergy Resources Corp. (SYRG) on Tuesday reported a first-quarter loss of $ 51.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Denver-based company said it had a loss of 42 cents. Losses, adjusted for asset impairment costs, came to 4 cents per share.

The oil and gas company posted revenue of $ 18.3 million in the period.

Synergy Resources shares have fallen 19 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $ 6.89, a decrease of 43 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SYRG at http://www.zacks.com/ap/SYRG

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Keywords: Synergy Resources, Earnings Report

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