Synergy Resources Corp (SYRG) Files Form 4 Insider Buying : James P Henderson Buys 50,000 Shares

Synergy Resources Corp (SYRG): James P Henderson , CFO of Synergy Resources Corp purchased 50,000 shares on Sep 20, 2016. The Insider buying transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.95 per share for a total value of $297,500.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 23, 2016, Robert W Iii Noffsinger (director) sold 50,000 shares at $5.82 per share price.On Aug 17, 2015, Valerie Sue Dunn (Secretary) sold 5,000 shares at $10.21 per share price.Also, On May 8, 2015, Craig Duane Rasmuson (Chief Operating Officer) sold 10,000 shares at $12.19 per share price.On Jan 15, 2015, Edward A. Holloway (Co-Chief Executive Officer) sold 75,000 shares at $13.09 per share price.

Shares of Synergy Resources Corp (SYRG) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.2 points or -3.29% at $5.88 with 34,86,772 shares getting traded. Post opening the session at $5.981, the shares hit an intraday low of $5.87 and an intraday high of $6.14 and the price vacillated in this range throughout the day. The company has a market cap of $1,179 M and the number of outstanding shares has been calculated to be 20,05,08,800 shares. The 52-week high of Synergy Resources Corp is $12.24 and the 52-week low is $5.01.

Synergy Resources Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Synergy Resources Corp is Initiated by Credit Suisse to Outperform and the brokerage firm has set the Price Target at $9. The Rating was issued on Sep 21, 2016.Synergy Resources Corp is Downgraded by Imperial Capital to In-line and the brokerage firm has set the Price Target at $6.50. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Aug 2, 2016.Synergy Resources Corp is Upgraded by KLR Group to Buy and the brokerage firm has raised the Price Target to $ 9 from a previous price target of $7 .Earlier the firm had a rating of Accumulate on the company shares. The Rating was issued on Jul 18, 2016.

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 442000 gross and 342000 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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