Geosphere Capital Management buys $4,883,450 stake in Synergy Resources Corp (SYRG)

Synergy Resources Corp (SYRG) : Geosphere Capital Management scooped up 317,310 additional shares in Synergy Resources Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 715,000 shares of Synergy Resources Corp which is valued at $4,883,450.Synergy Resources Corp makes up approximately 5.85% of Geosphere Capital Management’s portfolio.

Other Hedge Funds, Including , Caymus Capital Partners added SYRG to its portfolio by purchasing 250,000 company shares during the most recent quarter which is valued at $1,707,500. Synergy Resources Corp makes up approx 0.24% of Caymus Capital Partners’s portfolio. Bokf Na sold out all of its stake in SYRG during the most recent quarter. The investment firm sold 60 shares of SYRG which is valued $410.Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in SYRG in the latest quarter, The investment management firm added 4,581 additional shares and now holds a total of 6,568 shares of Synergy Resources Corp which is valued at $42,823.Ls Investment Advisors boosted its stake in SYRG in the latest quarter, The investment management firm added 3,041 additional shares and now holds a total of 6,946 shares of Synergy Resources Corp which is valued at $43,135.Eagle Asset Management Inc boosted its stake in SYRG in the latest quarter, The investment management firm added 16,001 additional shares and now holds a total of 142,345 shares of Synergy Resources Corp which is valued at $916,702. Synergy Resources Corp makes up approx 0.01% of Eagle Asset Management Inc’s portfolio.

Synergy Resources Corp closed down -0.14 points or -2.14% at $6.41 with 51,00,633 shares getting traded on Thursday. Post opening the session at $6.55, the shares hit an intraday low of $6.39 and an intraday high of $6.63 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Synergy Resources Corp reported $-0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.02. The company had revenue of $23.90 million for the quarter, compared to analysts expectations of $24.70 million. The company’s revenue was down -15.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.02 EPS.

Many Wall Street Analysts have commented on Synergy Resources Corp. Imperial Capital Downgraded Synergy Resources Corp on Aug 2, 2016 to ” In-line”, Price Target of the shares are set at $6.50.Company shares were Upgraded by KLR Group on Jul 18, 2016 to ” Buy”, Firm has raised the Price Target to $ 9 from a previous price target of $7 .Synergy Resources Corp was Initiated by Simmons to “Overweight” on Jun 23, 2016.

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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