Synergy Resources Corp (SYRG) Stock Price Up 4.5%
Synergy Resources Corp (NASDAQ:SYRG)’s share price rose 4.5% during trading on Monday . The stock traded as high as $7.17 and last traded at $6.96, with a volume of 5,386,932 shares trading hands. The stock had previously closed at $6.66.
SYRG has been the topic of several research reports. Canaccord Genuity restated a “hold” rating and issued a $7.50 price target on shares of Synergy Resources Corp in a research note on Friday, July 29th. Zacks Investment Research cut shares of Synergy Resources Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $7.50 price objective on shares of Synergy Resources Corp in a research report on Wednesday, July 6th. KLR Group raised shares of Synergy Resources Corp from an “accumulate” rating to a “buy” rating and upped their price objective for the stock from $7.00 to $9.00 in a research report on Monday, July 18th. Finally, Simmons started coverage on shares of Synergy Resources Corp in a research report on Thursday, June 23rd. They set an “overweight” rating for the company. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $7.81.
The stock’s 50-day moving average price is $6.62 and its 200 day moving average price is $6.84. The firm’s market capitalization is $1.30 billion.
Synergy Resources Corp (NASDAQ:SYRG) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.04. The company earned $23.90 million during the quarter, compared to the consensus estimate of $24.90 million. During the same period in the prior year, the business posted ($0.02) earnings per share. The business’s revenue was down 15.5% compared to the same quarter last year. Equities research analysts expect that Synergy Resources Corp will post ($0.09) earnings per share 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.