NEW YORK (TheStreet) -- Synergy Resources (SYRG) shares are up 8.4% to $10.52 on Tuesday after the oil and gas operator released its fourth quarter earnings results.

The company reported earnings of 13 cents per diluted share that was in line with analysts expectations for the period, and 10 cents better than the three cents the company reported during the same period last year.

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Revenues for the period rose 147.4% over the previous year to $36.3 million, short of analysts $36.95 million expectations.

Adjusted EBITDA for the quarter rose to $28.04 million from $10.63 million last year.

TheStreet Ratings team rates SYNERGY RESOURCES CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate SYNERGY RESOURCES CORP (SYRG) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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SYRG

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