Synergy Resources Corp (NASDAQ:SYRG) rose 7.7% on Tuesday . The company traded as high as $7.18 and last traded at $7.11, with a volume of 2,304,295 shares trading hands. The stock had previously closed at $6.60.

SYRG has been the subject of a number of research reports. Cantor Fitzgerald reiterated a “buy” rating and issued a $7.50 price objective on shares of Synergy Resources Corp in a research note on Wednesday, July 6th. Zacks Investment Research cut Synergy Resources Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Simmons initiated coverage on Synergy Resources Corp in a research note on Thursday, June 23rd. They issued an “overweight” rating for the company. Raymond James Financial Inc. initiated coverage on Synergy Resources Corp in a research note on Friday, June 17th. They issued a “strong-buy” rating for the company. Finally, Piper Jaffray Cos. initiated coverage on Synergy Resources Corp in a research note on Thursday, June 23rd. They issued an “overweight” rating for the company. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $7.83.

The company’s market capitalization is $985.85 million. The company has a 50 day moving average of $6.67 and a 200-day moving average of $6.80.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.