KLR Group downgraded Synergy Resources (NYSEMKT:SYRG) from Buy to Accumulate in a report released today.
- Updated: November 28, 2016
Yesterday Synergy Resources (NYSEMKT:SYRG) traded -3.51% lower at $8.83. The company’s 50-day moving average is $7.56 and its 200-day moving average is $6.79. The last closing price is up 25.53% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 1,821,605 shares of the stock traded hands, down from an average trading volume of 4,929,020
KLR Group has downgraded Synergy Resources (NYSEMKT:SYRG) from Buy to Accumulate in a report released on 11/28/2016.
Previously on 3/08/2016, Stifel Nicolaus reported on Synergy Resources (NYSEMKT:SYRG) increased the target price from $8.00 to $10.00. At the time, this indicated a possible upside of 0.32%.
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Synergy Resources has a 52 week low of $5.01 and a 52 week high of $11.70 The company’s market cap is currently $0.
A total of 23 analysts have released a report on Synergy Resources. Four analysts rating the company a strong buy, 15 firms rating the stock a buy, 2 firms 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 (NYSEMKT:SYRG)
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. The D-J Basin contains hydrocarbon-bearing deposits in various formations, including the Niobrara, Codell, Greenhorn, Shannon, Sussex, J-Sand and D-Sand. The Company's drilling and completion activities are focused in the Wattenberg Field, an area that covers the western flank of the D-J Basin, predominantly in Weld County, Colorado. The Company is focused on the horizontal development of the Codell and Niobrara formations. As of December 31, 2015, the Company was the operator of 418 gross (369 net) producing wells and participate as non-operators in 191 producing wells.
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