Credit Suisse Group AG issued a report on Synergy Resources Corp (NASDAQ:SYRG), raising its target price to $9.00 earlier today
- Updated: September 25, 2016
Reporting as possible upside of 0.53%, Credit Suisse Group AG upped the target price of Synergy Resources Corp (NASDAQ:SYRG) to $9.00
Yesterday Synergy Resources Corp (NASDAQ:SYRG) traded -3.89% lower at $5.88. The company’s 50-day moving average is $6.64 and its 200-day moving average is $6.85. The last closing price is down -6.10% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 6,682,882 shares of SYRG traded, up from an avg. volume of 4,653,440
With a total market value of $0, Synergy Resources Corp has with a one year low of $5.01 and a one year high of $12.24 .
A total of 23 analysts have released a research note on SYRG. 4 brokerages rating the stock a strong buy, 15 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $8.75.
About Synergy Resources Corp (NASDAQ: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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