Synergy Resources Corp (SYRG) : Mesirow Financial Investment Management Us Value Equity scooped up 141,678 additional shares in Synergy Resources Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 356,977 shares of Synergy Resources Corp which is valued at $2.1 Million.Synergy Resources Corp makes up approximately 0.96% of Mesirow Financial Investment Management Us Value Equity’s portfolio.
Other Hedge Funds, Including , Menta Capital reduced its stake in SYRG by selling 29,415 shares or 34.32% in the most recent quarter. The Hedge Fund company now holds 56,285 shares of SYRG which is valued at $328,142. Synergy Resources Corp makes up approx 0.05% of Menta Capital’s portfolio.Ls Investment Advisors boosted its stake in SYRG in the latest quarter, The investment management firm added 723 additional shares and now holds a total of 3,905 shares of Synergy Resources Corp which is valued at $22,766. Icon Advisers Incco added SYRG to its portfolio by purchasing 893,100 company shares during the most recent quarter which is valued at $5.1 Million. Synergy Resources Corp makes up approx 0.36% of Icon Advisers Incco’s portfolio.Rhumbline Advisers boosted its stake in SYRG in the latest quarter, The investment management firm added 35,705 additional shares and now holds a total of 192,467 shares of Synergy Resources Corp which is valued at $1.1 Million.
Synergy Resources Corp opened for trading at $6.08 and hit $6.16 on the upside on Monday, eventually ending the session at $5.99, with a gain of 2.74% or 0.16 points. The heightened volatility saw the trading volume jump to 84,35,353 shares. Company has a market cap of $891 M.
On the company’s financial health, Synergy Resources Corp reported $-0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.37 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $-0.04. The company had revenue of $18.27 million for the quarter, compared to analysts expectations of $22.31 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.01 EPS.
Many Wall Street Analysts have commented on Synergy Resources Corp. Company shares were Upgraded by Scotia Howard Weil on May 16, 2016 to ” Sector Outperform”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .Shares were Reiterated by Wunderlich on May 5, 2016 to “Buy” and Lowered the Price Target to $ 10 from a previous price target of $12 .Shares were Downgraded by Canaccord Genuity on Apr 13, 2016 to ” Hold” and Lowered the Price Target to $ 8.50 from a previous price target of $9 .
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.