Synergy Resources Corp (SYRG) Trading Down 4.2%
Synergy Resources Corp (NASDAQ:SYRG) shares traded down 4.2% during trading on Thursday . The stock traded as low as $6.64 and last traded at $6.64, with a volume of 2,269,817 shares. The stock had previously closed at $6.93.
Several research firms recently issued reports on SYRG. Stephens upgraded Synergy Resources Corp from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 1st. Zacks Investment Research upgraded Synergy Resources Corp from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research note on Wednesday, June 15th. Seaport Global Securities upgraded Synergy Resources Corp from an “accumulate” rating to a “buy” rating and set a $8.50 price target for the company in a research note on Tuesday, June 7th. Piper Jaffray Cos. began coverage on Synergy Resources Corp in a research note on Thursday, June 23rd. They issued an “overweight” rating for the company. Finally, Cantor Fitzgerald upgraded Synergy Resources Corp to a “buy” rating in a research note on Sunday, May 29th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $7.83.
The firm’s 50 day moving average price is $6.53 and its 200-day moving average price is $6.87. The company’s market capitalization is $996.26 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.