Synergy Resources Corporation (SYRG) Shares are Down -5.8%

Synergy Resources Corporation (SYRG) has risen sharply, recording gains of 2.3% in the past 4 weeks. However, the stock has corrected -5.8% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.52% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.57% and the fifty day Moving Average is 0.61%. Synergy Resources Corporation is up 11.56% in the last three month period. Year-to-Date the stock performance stands at -21.83%.

Synergy Resources Corporation (SYRG) : The most positive equity analysts on Synergy Resources Corporation (SYRG) expects the shares to touch $14, whereas, the least positive believes that the stock will trade at $6 in the short term. The company is covered by 16 Wall Street Brokerage Firms. The average price target for shares are $9.38 with an expected fluctuation of $1.84 from the mean.


Synergy Resources Corporation (NYSEMKT:SYRG): stock turned positive on Friday. Though the stock opened at $6.66, the bulls momentum made the stock top out at $6.9 level for the day. The stock recorded a low of $6.535 and closed the trading day at $6.66, in the green by 0.30%. The total traded volume for the day was 2,683,662. The stock had closed at $6.64 in the previous days trading.

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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