Synergy Resources Corp (SYRG) Trading Up 4%
Shares of Synergy Resources Corp (NASDAQ:SYRG) were up 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 traded. The stock had previously closed at $6.25.
A number of analysts have weighed in on SYRG shares. Cantor Fitzgerald upgraded Synergy Resources Corp to a “buy” rating in a research note on Sunday, May 29th. Zacks Investment Research upgraded Synergy Resources Corp from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock 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 target price on the stock in a research note on Tuesday, June 7th. Roth Capital upgraded Synergy Resources Corp from a “neutral” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Thursday, July 28th. Finally, KLR Group upgraded Synergy Resources Corp from an “accumulate” rating to a “buy” rating and increased their target price for the stock from $7.00 to $9.00 in a research note on Monday, July 18th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $7.81.
The stock’s 50-day moving average is $6.58 and its 200-day moving average is $6.72. The company’s market cap is $1.38 billion.
Synergy Resources Corp (NASDAQ:SYRG) last released 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 business earned $23.90 million during the quarter, compared to the consensus estimate of $24.90 million. During the same quarter in the prior year, the business earned ($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 ($0.05) EPS for the current fiscal 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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