Energy shares were flat in pre-market trading Wednesday, as crude-oil futures dropped.
Light, sweet crude oil for August delivery was down 0.3% at $103.13 per barrel. In other energy futures, heating oil was flat at $2.87 per gallon while natural gas was up 0.1% at $4.21 per million British thermal units.
In other energy news, Synergy Resources ( SYRG ) shares were down 3.4% at $12.01 after the oil-and-gas operator reported earnings for the quarter ended May 31, 2014 matched expectations, but revenue fell short of analysts' estimates despite a 108% increase due to a year-over-year improvement in production.
The company reported Q3 net income of $7.2 million, or $0.09 per diluted share, up 98% from $3.6 million or $0.06 per diluted share in the same year-ago period. Analysts polled by Capital IQ were expecting EPS of $0.09.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.