Synergy Resources Corporation (NYSEMKT:SYRG) has climbed 7.17% in the past week and advanced 22.56% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 8.46% and the outperformance has advanced to 21.45% for the last 4 weeks period.
Synergy Resources Corporation (NYSEMKT:SYRG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.05 and $6.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.17, notching a gain of 5.75% for the day. The total traded volume was 8,458,151 . The stock had closed at $6.78 on the previous day.
The company shares have dropped -43.00% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $12.74 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $6.25 and the 200 Day Moving Average price is recorded at $7.21.
On the companys insider trading activities,The director of Synergy Resources Corp, Noffsinger Robert W Iii sold 50,000 shares at $5.82 on May 19, 2016. The Insider selling transaction had a total value worth of $291,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Raymond James initiates coverage on Synergy Resources Corporation (NYSEMKT:SYRG).The analysts at the brokerage house have a current rating of Strong Buy on the shares. The rating by the firm was issued on June 17, 2016. Currently the company Insiders own 4.4% of Synergy Resources Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -58.47% . Institutional Investors own 60.58% of Synergy Resources Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -58.47%.
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 442,000 gross and 342,000 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.