Synergy Resources Corp (SYRG) Files Form 4 Insider Selling : Robert W Iii Noffsinger Sells 60,000 Shares

Synergy Resources Corp (SYRG): Robert W Iii Noffsinger , director of Synergy Resources Corp sold 60,000 shares on Apr 12, 2016. The Insider selling transaction was reported by the company on Apr 14, 2016 to the Securities and Exchange Commission. The shares were sold at $8.07 per share for a total value of $484,098.00 according the SEC Form 4 Filing.

Company has been under the radar of several Street Analysts.Synergy Resources Corp is Downgraded by Canaccord Genuity to Hold while Lowering the Price Target of the company shares to $ 8.50 from a previous price target of $9 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 13, 2016.Synergy Resources Corp is Initiated by Citigroup to Buy and the brokerage firm has set the Price Target at $10. The Rating was issued on Apr 4, 2016.Synergy Resources Corp is Downgraded by KLR Group to Accumulate. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 14, 2016.Synergy Resources Corp is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 10 from a previous price target of $8 .The Rating was issued on Mar 8, 2016.Synergy Resources Corp is Reiterated by Scotia Howard Weil to Sector Perform while Lowering the Price Target of the company shares to $ 10 from a previous price target of $11 . The Rating was issued on Jan 22, 2016.

Currently the company Insiders own 9.8% of Synergy Resources Corp shares according to the proxy statements.Institutional Investors own 75.23% of Synergy Resources Corp shares.

Shares of Synergy Resources Corp (SYRG) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.67 points or -7.97% at $7.74 with 1,89,20,441 shares getting traded. Post opening the session at $7.86, the shares hit an intraday low of $7.56 and an intraday high of $8 and the price vacillated in this range throughout the day. The company has a market cap of $851 M and the number of outstanding shares has been calculated to be 10,99,73,188 shares. The 52-week high of Synergy Resources Corp is $12.94 and the 52-week low is $5.01.

Synergy Resources Corp Money Flow Index Chart

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. Its drilling and completion activities are focused in the Wattenberg Field an area that covers the western flank of the D-J Basin in Weld County Colorado. It is focused on the horizontal development of the Codell and Niobrara formations. The Company operates over 423 producing wells and participated as non-operators in approximately 159 producing wells. It has approximately 442000 gross and 342000 net acres under lease all of which are located in the greater D-J Basin. Its eastern Colorado mineral assets are located in Yuma and Washington counties.

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