Short Term Price Target on Synergy Resources Corporation (SYRG)

Synergy Resources Corporation (NYSEMKT:SYRG) : 17 Wall Street analysts covering Synergy Resources Corporation (NYSEMKT:SYRG) believe that the average level the stock could reach for the short term is $9.43. The maximum price target given is $13 and the minimum target for short term is around $6, hence the standard deviation is calculated at $1.87.

Synergy Resources Corporation has dropped 8.14% in the last five trading days, however, the shares have posted positive gains of 7.77% in the last 4 weeks. Synergy Resources Corporation has dropped 12.02% during the last 3-month period . Year-to-Date the stock performance stands at -21.83%.

Synergy Resources Corporation (NYSEMKT:SYRG) : Zacks Investment Research ranks Synergy Resources Corporation (NYSEMKT:SYRG) as 3, which is a Hold recommendation. 15 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 1.24, which indicates as a Strong Buy.

Synergy Resources Corporation (NYSEMKT:SYRG): The stock opened at $6.86 on Thursday but the bulls could not build on the opening and the stock topped out at $6.87 for the day. The stock traded down to $6.57 during the day, due to lack of any buying support eventually closed down at $6.66 with a loss of -3.34% for the day. The stock had closed at $6.89 on the previous day. The total traded volume was 4,366,915 shares.

In an insider trading activity, The director, of Synergy Resources Corp, Noffsinger Robert W Iii had unloaded 50,000 shares at $5.82 per share in a transaction on May 19, 2016. The total value of transaction was $291,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

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