Roth Capital Upgrades Synergy Resources Corp to Buy

Brokerage firm Roth Capital Upgrades its rating on Synergy Resources Corp(NYSEMKT:SYRG). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Roth Capital was issued on Jul 28, 2016.

In a different note, On Jul 18, 2016, KLR Group said it Upgrades its rating on Synergy Resources Corp. In the research note, the firm Raises the price-target to $7.00 per share. The shares have been rated ‘Buy’ by the firm. Simmons said it Initiates Coverage on Synergy Resources Corp, according to a research note issued on Jun 23, 2016. The shares have been rated ‘Overweight’ by the firm. Raymond James said it Initiates Coverage on Synergy Resources Corp, according to a research note issued on Jun 17, 2016. The shares have been rated ‘Strong Buy’ by the firm. On Jun 7, 2016, Seaport Global said it Upgrades its rating on Synergy Resources Corp. The shares have been rated ‘Buy’ by the firm. On Jun 1, 2016, Stephens & Co. said it Upgrades its rating on Synergy Resources Corp. The shares have been rated ‘Overweight’ by the firm. On May 27, 2016, Cantor Fitzgerald said it Upgrades its rating on Synergy Resources Corp. The shares have been rated ‘Buy’ by the firm.

Synergy Resources Corp (SYRG) made into the market gainers list on Thursdays trading session with the shares advancing 3.22% or 0.21 points. Due to strong positive momentum, the stock ended at $6.73, which is also near the day’s high of $6.74. The stock began the session at $6.49 and the volume stood at 45,12,060 shares. The 52-week high of the shares is $12.24 and the 52 week low is $5.01. The company has a current market capitalization of $1,001 M and it has 14,86,95,810 shares in outstanding.

Synergy Resources Corp(SYRG) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $18.27M. Analysts had an estimated revenue of $25.22M. Earnings per share were $-0.05. Analysts had estimated an EPS of $-0.03.

Several Insider Transactions has been reported to the SEC. On May 23, 2016, Robert W Iii Noffsinger (director) sold 50,000 shares at $5.82 per share price.Also, On Aug 17, 2015, Valerie Sue Dunn (Secretary) sold 5,000 shares at $10.21 per share price.On May 8, 2015, Craig Duane Rasmuson (Chief Operating Officer) sold 10,000 shares at $12.19 per share price, according to the Form-4 filing with the securities and exchange commission.

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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