Synergy Resources Corporation (SYRG) Shares are Down -3.84%

Synergy Resources Corporation (SYRG) : During the past 4 weeks, traders have been relatively bearish on Synergy Resources Corporation (SYRG), hence the stock is down -9.24% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.25% relative to the S&P 500. The 4-week change in the price of the stock is -6.98% and the stock has fallen -3.84% in the past 1 week.

Synergy Resources Corporation (NYSEMKT:SYRG): The stock opened at $6.65 on Friday but the bulls could not build on the opening and the stock topped out at $6.70 for the day. The stock traded down to $6.05 during the day, due to lack of any buying support eventually closed down at $6.26 with a loss of -6.98% for the day. The stock had closed at $6.73 on the previous day. The total traded volume was 9,068,843 shares.

The stock has recorded a 20-day Moving Average of 3.46% and the 50-Day Moving Average is 5%. Synergy Resources Corporation is up 8.87% in the last 3-month period. Year-to-Date the stock performance stands at -26.53%.

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 $7. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $9.53 and the possibility the share price can swing is $1.69.


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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