Synergy Resources Corp (SYRG) Stock Price Up 4%
Synergy Resources Corp (NASDAQ:SYRG)’s share price rose 4% on Wednesday . The company traded as high as $6.63 and last traded at $6.50, with a volume of 3,031,904 shares trading hands. The stock had previously closed at $6.25.
A number of equities research analysts have commented on the company. Roth Capital upgraded Synergy Resources Corp from a “neutral” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Thursday, July 28th. Raymond James Financial Inc. assumed coverage on Synergy Resources Corp in a research report on Friday, June 17th. They set a “strong-buy” rating for the company. Citigroup Inc. decreased their price objective on Synergy Resources Corp from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 5th. Simmons assumed coverage on Synergy Resources Corp in a research report on Thursday, June 23rd. They set an “overweight” rating for the company. Finally, Seaport Global Securities upgraded Synergy Resources Corp from an “accumulate” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Tuesday, June 7th. Three analysts have 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 an average rating of “Buy” and an average price target of $7.88.
The stock’s market capitalization is $1.31 billion. The stock’s 50 day moving average is $6.61 and its 200 day moving average is $6.72.
Synergy Resources Corp (NASDAQ:SYRG) last released its earnings results on Thursday, August 4th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.04. The firm earned $23.90 million during the quarter, compared to the consensus estimate of $24.90 million. The firm’s revenue was down 15.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.02) EPS. Equities research analysts anticipate that Synergy Resources Corp will post ($0.04) 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.