Synergy Resources Corp (NASDAQ:SYRG) Director Daniel E. Kelly acquired 15,000 shares of Synergy Resources Corp stock in a transaction on Wednesday, October 5th. The stock was purchased at an average price of $6.49 per share, with a total value of $97,350.00. Following the transaction, the director now directly owns 31,272 shares in the company, valued at approximately $202,955.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Synergy Resources Corp (NASDAQ:SYRG) opened at 6.78 on Monday. Synergy Resources Corp has a 1-year low of $5.01 and a 1-year high of $12.17. The stock has a 50 day moving average price of $6.61 and a 200 day moving average price of $6.74. The firm’s market capitalization is $1.36 billion.

Synergy Resources Corp (NASDAQ:SYRG) last posted its earnings results on Thursday, August 4th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.04. The firm earned $23.90 million during the quarter, compared to the consensus estimate of $24.90 million. During the same quarter last year, the firm earned ($0.02) earnings per share. The company’s revenue was down 15.5% compared to the same quarter last year. Equities research analysts anticipate that Synergy Resources Corp will post ($0.08) earnings per share for the current fiscal year.

Several equities analysts recently commented on SYRG shares. Citigroup Inc. set a $8.50 target price on Synergy Resources Corp and gave the stock a “buy” rating in a research report on Monday, September 12th. RBC Capital Markets started coverage on Synergy Resources Corp in a research report on Tuesday, September 27th. They set an “outperform” rating and a $9.00 target price for the company. Royal Bank Of Canada started coverage on Synergy Resources Corp in a research report on Tuesday, September 27th. They set an “outperform” rating and a $9.00 target price for the company. Zacks Investment Research downgraded Synergy Resources Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, Piper Jaffray Cos. started coverage on Synergy Resources Corp in a research report on Thursday, June 23rd. They set an “overweight” rating for the company. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $8.46.

Large investors have recently modified their holdings of the stock. American Century Companies Inc. bought a new stake in shares of Synergy Resources Corp during the second quarter valued at about $2,352,000. Stoneridge Investment Partners LLC bought a new stake in shares of Synergy Resources Corp during the second quarter valued at about $482,000. Louisiana State Employees Retirement System boosted its stake in shares of Synergy Resources Corp by 68.9% in the second quarter. Louisiana State Employees Retirement System now owns 85,800 shares of the company’s stock valued at $571,000 after buying an additional 35,000 shares during the period. Bank of Montreal Can bought a new stake in shares of Synergy Resources Corp during the second quarter valued at about $513,000. Finally, Parkwood LLC bought a new stake in shares of Synergy Resources Corp during the second quarter valued at about $897,000.

Synergy Resources Corp Company Profile

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.

5 Day Chart for NASDAQ:SYRG

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