Synergy Resources Corporation (SYRG) Receives ‘Analyst’ Rating

Synergy Resources Corporation (SYRG) has an average broker rating of 1.47, which is interpreted as a Strong Buy, as rated by 15 equity analysts. Nonetheless, 11 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 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 3, which is also a Hold.

Synergy Resources Corporation (SYRG) : The highest short term price target forecast on Synergy Resources Corporation (SYRG) is $14 and the lowest target price is $6. A total of 16 equity analysts are currently covering the company. The average price of all the analysts is $9.31 with a standard deviation of $1.8.


Also, Raymond James maintains their rating on the shares of Synergy Resources Corporation (NYSEMKT:SYRG). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $0.52 per share from $0.34 per share. The rating by the firm was issued on August 30, 2016.

Synergy Resources Corporation (NYSEMKT:SYRG): The stock opened in the green at $6.31 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $6.39 and a low of $6.12 for the day. The stock did not find buyers even at the lows and closed at $6.23 recording a loss of -0.48%. 3,241,255 shares exchanged hands during the trading day. The stock had closed at $6.26 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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