Shares of Synergy Resources Corp (NASDAQ:SYRG) rose 2.1% during trading on Monday . The stock traded as high as $6.36 and last traded at $6.34, with a volume of 2,537,109 shares traded. The stock had previously closed at $6.21.

SYRG has been the subject of several recent analyst reports. Cantor Fitzgerald raised shares of Synergy Resources Corp to a “buy” rating in a research note on Sunday, May 29th. Zacks Investment Research raised shares of Synergy Resources Corp from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Wednesday, June 15th. Seaport Global Securities raised shares of Synergy Resources Corp from an “accumulate” rating to a “buy” rating and set a $8.50 target price for the company in a research note on Tuesday, June 7th. KLR Group raised shares of Synergy Resources Corp from an “accumulate” rating to a “buy” rating and lifted their target price for the stock from $7.00 to $9.00 in a research note on Monday, July 18th. Finally, Roth Capital reaffirmed a “hold” rating on shares of Synergy Resources Corp in a research note on Tuesday, July 12th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Synergy Resources Corp has a consensus rating of “Buy” and a consensus target price of $8.13.

The stock’s 50 day moving average is $6.73 and its 200 day moving average is $6.69. The company’s market capitalization is $929.34 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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