Springbank Value Partners Lp buys $408,804 stake in Synergy Resources Corp (SYRG)

Synergy Resources Corp (SYRG) : Springbank Value Partners Lp scooped up 48,200 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 1, 2016. The investment management firm now holds a total of 62,700 shares of Synergy Resources Corp which is valued at $408,804.Synergy Resources Corp makes up approximately 0.67% of Springbank Value Partners Lp’s portfolio.

Other Hedge Funds, Including , Value Holdings Lp boosted its stake in SYRG in the latest quarter, The investment management firm added 140,725 additional shares and now holds a total of 182,325 shares of Synergy Resources Corp which is valued at $1,188,759. Synergy Resources Corp makes up approx 0.75% of Value Holdings Lp’s portfolio.Deprince Race Zollo Inc boosted its stake in SYRG in the latest quarter, The investment management firm added 77,500 additional shares and now holds a total of 87,500 shares of Synergy Resources Corp which is valued at $568,750. Synergy Resources Corp makes up approx 0.01% of Deprince Race Zollo Inc’s portfolio.New York State Teachers Retirement System boosted its stake in SYRG in the latest quarter, The investment management firm added 30,920 additional shares and now holds a total of 411,774 shares of Synergy Resources Corp which is valued at $2,557,117. Synergy Resources Corp makes up approx 0.01% of New York State Teachers Retirement System’s portfolio. Nikko Asset Management Americas added SYRG to its portfolio by purchasing 676,100 company shares during the most recent quarter which is valued at $4,354,084. Synergy Resources Corp makes up approx 0.40% of Nikko Asset Management Americas’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in SYRG in the latest quarter, The investment management firm added 46,456 additional shares and now holds a total of 62,923 shares of Synergy Resources Corp which is valued at $423,472.

Synergy Resources Corp opened for trading at $6.49 and hit $6.74 on the upside on Thursday, eventually ending the session at $6.73, with a gain of 3.22% or 0.21 points. The heightened volatility saw the trading volume jump to 45,12,060 shares. Company has a market cap of $1,001 M.

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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