Today The Synergy Resources Corp (SYRG) Raised to “Buy” at KLR Group

Today The Synergy Resources Corp (SYRG) Raised to “Buy” at KLR Group

KLR Group upgraded shares of Synergy Resources Corp (NASDAQ:SYRG) from an accumulate rating to a buy rating in a research report sent to investors on Friday morning. KLR Group currently has $10.00 price objective on the stock.

Several other analysts have also weighed in on the company. KeyCorp lifted their price objective on Synergy Resources Corp from $10.00 to $12.00 and gave the stock an overweight rating in a report on Tuesday, November 22nd. Wells Fargo & Company initiated coverage on Synergy Resources Corp in a research note on Tuesday, October 25th. They issued an outperform rating on the stock. Royal Bank Of Canada initiated coverage on Synergy Resources Corp in a research note on Tuesday, September 27th. They issued an outperform rating and a $9.00 price target on the stock. Zacks Investment Research lowered Synergy Resources Corp from a buy rating to a hold rating in a research note on Thursday, January 5th. Finally, BMO Capital Markets reaffirmed a hold rating and issued a $7.00 price target on shares of Synergy Resources Corp in a research note on Monday, November 7th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Synergy Resources Corp currently has an average rating of Buy and a consensus target price of $9.59.

Synergy Resources Corp (NASDAQ:SYRG) opened at 8.72 on Friday. The company’s market cap is $1.75 billion. Synergy Resources Corp has a 52 week low of $5.01 and a 52 week high of $10.38. The company’s 50-day moving average price is $9.13 and its 200 day moving average price is $7.55.

Synergy Resources Corp (NASDAQ:SYRG) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The firm had revenue of $26.20 million for the quarter, compared to analyst estimates of $26.70 million. During the same period in the previous year, the business posted $0.05 EPS. Synergy Resources Corp’s revenue for the quarter was down 21.6% compared to the same quarter last year. On average, analysts anticipate that Synergy Resources Corp will post ($0.05) EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of SYRG. Virginia Retirement Systems ET AL acquired a new position in Synergy Resources Corp during the second quarter worth about $119,000. Geduld E E acquired a new position in Synergy Resources Corp during the third quarter worth about $139,000. CSS LLC IL boosted its position in Synergy Resources Corp by 50.0% in the third quarter. CSS LLC IL now owns 21,000 shares of the company’s stock worth $146,000 after buying an additional 7,000 shares during the last quarter. Amalgamated Bank boosted its position in Synergy Resources Corp by 76.9% in the second quarter. Amalgamated Bank now owns 22,092 shares of the company’s stock worth $152,000 after buying an additional 9,601 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Synergy Resources Corp by 167.2% in the second quarter. Tower Research Capital LLC TRC now owns 24,558 shares of the company’s stock worth $163,000 after buying an additional 15,368 shares during the last quarter.

About Synergy Resources Corp

Synergy Resources Corporation is an independent 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 generally extends from the Denver metropolitan area throughout northeast Colorado into Wyoming, Nebraska, and Kansas.

Related posts

Leave a Comment