Synergy Resources Reports First Quarter 2016 Results
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Synergy Resources (SYRG) Announces 45M Share Common Stock Offering
May 3, 2016 4:32 PM EDTSynergy Resources Corporation (NYSE: SYRG) announced that it intends to offer for sale 45,000,000 shares of its common stock in an underwritten public offering. The Company intends to grant the underwriters an option for 30 days to... More
Synergy Resources (SYRG) Misses Q1 EPS Views; Will Acquire Certain Assets from Noble Energy
May 3, 2016 4:24 PM EDTSynergy Resources (NYSE: SYRG) reported Q1 EPS of ($0.42), $0.42 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $18.3 million versus the consensus estimate of $31.26 million.
Synergy also announced that it has entered into a definitive agreement with Noble Energy through private negotiations to acquire certain assets for total consideration of $505 million cash, subject to customary purchase price adjustments.
Highlights of the transaction include:
Approximately 72,000 gross (33,100 net) acres... More