Brokerage Firm Rating Update on Synergy Resources Corporation (SYRG)

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 consensus price target for Synergy Resources Corporation (SYRG) is $9.38 for the short term with a standard deviation of $1.84. The most optimist securities analyst among the 16 who monitor the stock believes that the stock can reach $14, however, the pessimist price target for the company is $6.


For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Raymond James maintains its outlook on Synergy Resources Corporation (NYSEMKT:SYRG). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $0.34 per share to $0.52 per share. The rating by the firm was issued on August 30, 2016.

Synergy Resources Corporation (NYSEMKT:SYRG): The stock opened at $6.75 and touched an intraday high of $7.01 on Wednesday. During the day, the stock corrected to an intraday low of $6.63, however, the bulls stepped in and pushed the price higher to close in the green at $7 with a gain of 5.11% for the day. The total traded volume for the day was 4,187,889. The stock had closed at $6.66 in the previous trading session.

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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