Synergy Resources Corp (SYRG) Files Form 4 Insider Selling : Robert W Iii Noffsinger Sells 50,000 Shares

Synergy Resources Corp (SYRG): Robert W Iii Noffsinger , director of Synergy Resources Corp sold 50,000 shares on May 19, 2016. The Insider selling transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were sold at $5.82 per share for a total value of $291,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 14, 2016, Robert W Iii Noffsinger (director) sold 60,000 shares at $8.07 per share price.On Aug 17, 2015, Valerie Sue Dunn (Secretary) sold 5,000 shares at $10.21 per share price.Also, On May 8, 2015, Craig Duane Rasmuson (Chief Operating Officer) sold 10,000 shares at $12.19 per share price.On Jan 15, 2015, Edward A. Holloway (Co-Chief Executive Officer) sold 75,000 shares at $13.09 per share price.

Synergy Resources Corp: On Friday, May 20, 2016 heightened volatility was witnessed in Synergy Resources Corp which led to swings in the share price. The shares opened for trading at $5.85 and hit $6 on the upside , eventually ending the session at $5.85, with a gain of 0.52% or 0.03 points. The heightened volatility saw the trading volume jump to 33,88,200 shares. The 52-week high of the share price is $12.82 and the company has a market cap of $870 M . The 52-week low of the share price is at $5.01.

Synergy Resources Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Synergy Resources Corp is Upgraded by Scotia Howard Weil to Sector Outperform and the brokerage firm has raised the Price Target to $ 13 from a previous price target of $11 .Earlier the firm had a rating of Sector Perform on the company shares. The Rating was issued on May 16, 2016.Synergy Resources Corp is Reiterated by Wunderlich to Buy while Lowering the Price Target of the company shares to $ 10 from a previous price target of $12 . The Rating was issued on May 5, 2016.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 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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