Synergy Resources Corporation (SYRG) : 13 brokerage houses believe that Synergy Resources Corporation (SYRG) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Synergy Resources Corporation (SYRG). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 17 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.41.
Synergy Resources Corporation (SYRG) : The highest level Synergy Resources Corporation (SYRG) is projected to reach is $14 for the short term and the lowest estimate is at $6. The consolidated price target from 17 rating analysts who initiate coverage on the stock is $9.32 and the possibility the share price can swing is $1.85.
For the current week, the company shares have a recommendation consensus of Buy. Synergy Resources Corporation (NYSEMKT:SYRG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.64 and $6.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.88, notching a gain of 5.04% for the day. The total traded volume was 3,866,738 . The stock had closed at $6.55 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Synergy Resources Corp, Noffsinger Robert W Iii had sold 50,000 shares worth of $291,000 in a transaction dated May 19, 2016. In this transaction, 50,000 shares were sold at $5.82 per share.
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.