Synergy Resources Corporation (SYRG) : Analyst Rating Update

Synergy Resources Corporation (SYRG) has an average broker rating of 1.24, which is interpreted as a Strong Buy, as rated by 17 equity analysts. Nonetheless, 15 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Synergy Resources Corporation (SYRG) : 17 Wall Street analysts covering Synergy Resources Corporation (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 (NYSEMKT:SYRG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.60 and $6.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.93, notching a gain of 4.05% for the day. The total traded volume was 3,912,716 . The stock had closed at $6.66 on the previous day.

Also, Simmons initiates coverage on Synergy Resources Corporation (NYSEMKT:SYRG) The brokerage firm has issued a Overweight rating on the shares. The rating by the firm was issued on June 23, 2016. The company shares have dropped -32.93% from its 1 Year high price. On Oct 7, 2015, the shares registered one year high at $12.24 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $6.51 and the 200 Day Moving Average price is recorded at $6.87.

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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