Noble Energy (NBL) Tops Q1 EPS by 4c

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Go back to Noble Energy (NBL) Tops Q1 EPS by 4c

Synergy Resources (SYRG) Misses Q1 EPS Views; Will Acquire Certain Assets from Noble Energy

May 3, 2016 4:24 PM EDT

Synergy 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