Synergy Resources Corp (NASDAQ:SYRG) shares were 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.

Several research analysts have recently weighed in on SYRG shares. Roth Capital upgraded shares of Synergy Resources Corp from a “neutral” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Thursday. Raymond James Financial Inc. started coverage on shares of Synergy Resources Corp in a report on Friday, June 17th. They set a “strong-buy” rating on the stock. Simmons started coverage on shares of Synergy Resources Corp in a report on Thursday, June 23rd. They set an “overweight” rating on the stock. Seaport Global Securities upgraded shares of Synergy Resources Corp from an “accumulate” rating to a “buy” rating and set a $8.50 price objective on the stock in a report on Tuesday, June 7th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $7.50 price objective on shares of Synergy Resources Corp in a report on Wednesday, July 6th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Synergy Resources Corp has a consensus rating of “Buy” and a consensus target price of $8.17.

The firm’s market capitalization is $968.00 million. The stock has a 50 day moving average price of $6.73 and a 200-day moving average price of $6.69.

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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