Shares of Synergy Resources Corp (NASDAQ:SYRG) have been given an average recommendation of “Buy” by the seventeen ratings firms that are covering the firm. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $8.67.

Several analysts recently commented on SYRG shares. Canaccord Genuity reiterated a “hold” rating and issued a $7.50 price target on shares of Synergy Resources Corp in a research report on Friday, July 29th. Zacks Investment Research cut shares of Synergy Resources Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Royal Bank Of Canada assumed coverage on shares of Synergy Resources Corp in a research note on Tuesday, September 27th. They issued an “outperform” rating and a $9.00 price objective on the stock. Credit Suisse Group AG assumed coverage on shares of Synergy Resources Corp in a research note on Wednesday, September 21st. They issued an “outperform” rating and a $9.00 price objective on the stock. Finally, Citigroup Inc. set a $8.50 price objective on shares of Synergy Resources Corp and gave the company a “buy” rating in a research note on Monday, September 12th.

Shares of Synergy Resources Corp (NASDAQ:SYRG) opened at 7.92 on Tuesday. The firm’s market cap is $1.59 billion. Synergy Resources Corp has a 52-week low of $5.01 and a 52-week high of $11.97. The company’s 50-day moving average is $7.04 and its 200 day moving average is $6.67.

Synergy Resources Corp (NASDAQ:SYRG) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The business earned $26.20 million during the quarter, compared to analysts’ expectations of $26.70 million. During the same quarter last year, the company earned $0.05 EPS. The firm’s revenue for the quarter was down 21.6% compared to the same quarter last year. On average, analysts expect that Synergy Resources Corp will post ($0.08) earnings per share for the current fiscal year.

In other Synergy Resources Corp news, CEO Lynn A. Peterson acquired 49,071 shares of the stock in a transaction that occurred on Thursday, October 6th. The shares were purchased at an average cost of $6.00 per share, with a total value of $294,426.00. Following the purchase, the chief executive officer now owns 489,367 shares in the company, valued at $2,936,202. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Michael Eberhard acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was acquired at an average cost of $6.11 per share, for a total transaction of $91,650.00. Following the completion of the purchase, the chief operating officer now owns 93,763 shares in the company, valued at approximately $572,891.93. The disclosure for this purchase can be found here.

A number of large investors have recently modified their holdings of SYRG. Springbank Value Partners LP boosted its stake in shares of Synergy Resources Corp by 65.4% in the third quarter. Springbank Value Partners LP now owns 103,700 shares of the company’s stock worth $719,000 after buying an additional 41,000 shares during the last quarter. Value Holdings LP boosted its stake in shares of Synergy Resources Corp by 56.3% in the third quarter. Value Holdings LP now owns 285,025 shares of the company’s stock worth $1,975,000 after buying an additional 102,700 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of Synergy Resources Corp by 20.7% in the third quarter. Profund Advisors LLC now owns 30,744 shares of the company’s stock worth $213,000 after buying an additional 5,279 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Synergy Resources Corp by 7.0% in the third quarter. Principal Financial Group Inc. now owns 1,484,412 shares of the company’s stock worth $10,287,000 after buying an additional 96,558 shares during the last quarter. Finally, Princeton Alpha Management LP boosted its stake in shares of Synergy Resources Corp by 25.3% in the third quarter. Princeton Alpha Management LP now owns 45,900 shares of the company’s stock worth $318,000 after buying an additional 9,278 shares during the last quarter.

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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