Analyst Rating Update on Synergy Resources Corporation (SYRG)

Synergy Resources Corporation (SYRG) : The consensus on Synergy Resources Corporation (SYRG) based on 16 analyst recommendation on the company stock is 1.31, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 13 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Synergy Resources Corporation (SYRG) : The highest level Synergy Resources Corporation (SYRG) is projected to reach is $14 for the short term and the lowest estimate is at $8. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $9.59 and the possibility the share price can swing is $1.58.

For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Roth Capital upgrades its rating on Synergy Resources Corporation (NYSEMKT:SYRG).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 28, 2016.


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 $6.37 and $6.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.52, notching a gain of 3.16% for the day. The total traded volume was 4,909,078 . The stock had closed at $6.32 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.