Synergy Resources Corp (NASDAQ:SYRG) traded down 1.9% during trading on Friday . The company traded as low as $6.19 and last traded at $6.21, with a volume of 2,728,512 shares traded. The stock had previously closed at $6.33.

A number of equities research analysts have recently commented on the stock. Stephens raised shares of Synergy Resources Corp from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 1st. KLR Group raised shares of Synergy Resources Corp from an “accumulate” rating to a “buy” rating and raised their price objective for the stock from $7.00 to $9.00 in a research note on Monday, July 18th. Zacks Investment Research cut shares of Synergy Resources Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Cantor Fitzgerald raised shares of Synergy Resources Corp to a “buy” rating in a research note on Sunday, May 29th. Finally, Piper Jaffray Cos. assumed coverage on shares of Synergy Resources Corp in a research note on Thursday, June 23rd. They set an “overweight” rating on the stock. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $8.13.

The stock’s 50 day moving average price is $6.72 and its 200-day moving average price is $6.72. The company’s market cap is $923.40 million.

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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