Shares of Synergy Resources Corp (NYSEMKT:SYRG) have been given an average recommendation of “Buy” by the twenty-two research firms that are covering the firm. Seven equities research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $9.77.

SYRG has been the topic of several analyst reports. Wells Fargo & Co. initiated coverage on Synergy Resources Corp in a research note on Tuesday, October 25th. They issued an “outperform” rating on the stock. Credit Suisse Group AG initiated coverage on Synergy Resources Corp in a research note on Wednesday, September 21st. They issued an “outperform” rating and a $9.00 target price on the stock. BMO Capital Markets downgraded Synergy Resources Corp from an “outperform” rating to a “market perform” rating in a research note on Monday, August 8th. KLR Group upgraded Synergy Resources Corp from an “accumulate” rating to a “buy” rating and lifted their target price for the company from $7.00 to $9.00 in a research note on Monday, July 18th. Finally, Imperial Capital downgraded Synergy Resources Corp from an “outperform” rating to an “in-line” rating and lowered their target price for the company from $7.50 to $6.50 in a research note on Tuesday, August 2nd.

Synergy Resources Corp (NYSEMKT:SYRG) opened at 8.24 on Thursday. The stock’s market cap is $1.65 billion. Synergy Resources Corp has a 1-year low of $5.01 and a 1-year high of $11.97. The firm has a 50-day moving average price of $7.13 and a 200 day moving average price of $6.67.

Large investors have recently made changes to their positions in the stock. Barclays PLC acquired a new stake in shares of Synergy Resources Corp during the first quarter worth approximately $475,000. BlackRock Group LTD increased its stake in shares of Synergy Resources Corp by 25.5% in the first quarter. BlackRock Group LTD now owns 127,307 shares of the company’s stock worth $989,000 after buying an additional 25,844 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of Synergy Resources Corp by 10.4% in the first quarter. Teachers Advisors Inc. now owns 226,571 shares of the company’s stock worth $1,760,000 after buying an additional 21,431 shares in the last quarter. Scholtz & Company LLC acquired a new stake in shares of Synergy Resources Corp during the first quarter worth approximately $1,850,000. Finally, Prudential Financial Inc. increased its stake in shares of Synergy Resources Corp by 18.1% in the first quarter. Prudential Financial Inc. now owns 274,200 shares of the company’s stock worth $2,131,000 after buying an additional 42,100 shares in 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.

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