A report released today by RBC Capital about Synergy Resources (NYSEMKT:SYRG) raises the target price to $9.00
- Updated: September 26, 2016
Displaying a price of $6.54, Synergy Resources (NYSEMKT:SYRG) traded 1.71% higher on the day. With the last closing price down -4.23% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. SYRG has recorded a 50-day average of $6.65 and a two hundred day moving average of $6.83. 3,305,168 shares of Synergy Resources traded hands, down from an average trading volume of 4,638,340
RBC Capital upped the price target of Synergy Resources (NYSEMKT:SYRG) to $9.00 indicating a potential upside of 0.38%.
On 9/21/2016, Credit Suisse released a statement about Synergy Resources (NYSEMKT:SYRG) upped the target price from $0.00 to $9.00. At the time, this indicated a possible upside of 0.53%.
Recent Performance Chart
Synergy Resources has a with a one year low of $5.01 and a one year high of $12.24 The company’s market cap is currently $0.
In addition to RBC Capital reporting its stock price target, a total of 23 analysts have released a report on Synergy Resources. The average stock price target is $8.75 with four equity analysts rating the stock a strong buy, fifteen analysts rating the company a buy, two equity analysts rating the company a hold, zero firms rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis About Synergy Resources (NYSEMKT:SYRG)
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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