Shares of Synergy Resources Corp (NASDAQ:SYRG) saw an uptick in trading volume on Tuesday . 5,458,798 shares traded hands during trading, a decline of 5% from the previous session’s volume of 5,738,250 shares.The stock last traded at $6.67 and had previously closed at $7.04.

Several analysts have weighed in on SYRG shares. Cantor Fitzgerald reissued a “buy” rating and issued a $7.50 price target on shares of Synergy Resources Corp in a research note on Wednesday. Zacks Investment Research raised shares of Synergy Resources Corp from a “hold” rating to a “buy” rating and set a $7.50 price target for the company in a research note on Wednesday. Piper Jaffray Cos. started coverage on shares of Synergy Resources Corp in a research note on Thursday, June 23rd. They issued an “overweight” rating for the company. Simmons started coverage on shares of Synergy Resources Corp in a research note on Thursday, June 23rd. They issued an “overweight” rating for the company. Finally, Raymond James Financial Inc. started coverage on shares of Synergy Resources Corp in a research note on Friday, June 17th. They issued a “strong-buy” rating for the company. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $7.83.

The stock’s market cap is $999.23 million. The stock’s 50-day moving average price is $6.53 and its 200-day moving average price is $6.87.

Synergy Resources Corporation is a shell company. The Company is an oil and natural gas company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in and around the Denver-Julesburg Basin (D-J Basin) of Colorado. The D-J Basin has hydrocarbon-bearing deposits in several formations, including the Niobrara, Codell, Greenhorn, Shannon, Sussex, J-Sand and D-Sand.

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