Synergy Resources Corp (NASDAQ:SYRG) traded down 3.8% on Thursday . The stock traded as low as $6.24 and last traded at $6.25, with a volume of 6,069,063 shares. The stock had previously closed at $6.50.

A number of equities research analysts have commented on the stock. Cantor Fitzgerald raised shares of Synergy Resources Corp to a “buy” rating in a research report 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 price objective on the stock in a research report on Wednesday, June 15th. Roth Capital raised shares of Synergy Resources Corp from a “neutral” rating to a “buy” rating in a research report on Thursday. Simmons assumed coverage on shares of Synergy Resources Corp in a research report on Thursday, June 23rd. They issued an “overweight” rating on the stock. Finally, KLR Group raised shares of Synergy Resources Corp from an “accumulate” rating to a “buy” rating and increased their price objective for the company from $7.00 to $9.00 in a research report on Monday, July 18th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average 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 $921.91 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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