Synergy Resources Corp (SYRG) Stock Price Up 4.5%
Synergy Resources Corp (NASDAQ:SYRG) shares rose 4.5% on Monday . The stock traded as high as $7.17 and last traded at $6.96, with a volume of 5,386,932 shares traded. The stock had previously closed at $6.66.
SYRG has been the topic of several research analyst reports. Zacks Investment Research cut shares of Synergy Resources Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Piper Jaffray Cos. started coverage on Synergy Resources Corp in a research note on Thursday, June 23rd. They issued an “overweight” rating for the company. Canaccord Genuity reaffirmed a “hold” rating and issued a $7.50 target price on shares of Synergy Resources Corp in a research note on Friday, July 29th. Stephens raised Synergy Resources Corp from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 1st. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $7.50 target price on shares of Synergy Resources Corp in a research note on Wednesday, July 6th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $7.81.
The firm’s 50 day moving average price is $6.61 and its 200-day moving average price is $6.80. The company’s market capitalization is $1.39 billion.
Synergy Resources Corp (NASDAQ:SYRG) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.04. The firm earned $23.90 million during the quarter, compared to analysts’ expectations of $24.90 million. The firm’s quarterly revenue was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. On average, equities research analysts forecast that Synergy Resources Corp will post ($0.09) EPS for the current year.
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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