UPDATE: BMO Capital Downgrades Synergy Resources Corporation (SYRG) to Market Perform
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Synergy Resources Reports Second Quarter 2016 Results
August 4, 2016 4:02 PM EDTDENVER, CO -- (Marketwired) -- 08/04/16 -- Synergy Resources Corporation (NYSE MKT: SYRG) ("Synergy", the "Company", "we", "us" or "our"), a U.S. oil and gas exploration and production company focused on the Wattenberg Area of the Denver-Julesburg Basin, reported its second quarter results for the period ended June 30, 2016.
Second Quarter 2016 Highlights
Revenues were $23.9 millionNet loss was $153.8 million or $(0.89) per diluted share in the quarter which includes a full cost ceiling impairment charge of $144.1 million or $(0.83) per diluted shareAdjusted EBITDA was $11.2... More
