Synergy Resources Corp (NASDAQ:SYRG)’s share price fell 4.2% during mid-day trading on Thursday . The stock traded as low as $6.64 and last traded at $6.64, with a volume of 2,269,817 shares changing hands. The stock had previously closed at $6.93.

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

The company’s market cap is $1.00 billion. The firm has a 50 day moving average of $6.59 and a 200 day moving average of $6.85.

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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