Royal Bank Of Canada disclosed Synergy Resources Corp (NASDAQ:SYRG), hiking its price target to $9.00 earlier today
- Updated: September 26, 2016
Having a price of $6.54, Synergy Resources Corp (NASDAQ:SYRG) traded 1.71% higher on the day. With the last stock price down -4.23% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. SYRG has recorded a 50-day average of $6.65 and a two hundred day average of $6.83. Trade Volume was down over the average, with 3,305,168 shares of SYRG changing hands under the typical 4,638,340
Reporting a potential upside of 0.38%, Royal Bank Of Canada upped the price target of Synergy Resources Corp (NASDAQ:SYRG) to $9.00
On Wednesday September 21, 2016, Credit Suisse Group AG released a statement about Synergy Resources Corp (NASDAQ:SYRG) upped the target price from $0.00 to $9.00 that suggested an upside of 0.53%.
Recent Performance Chart
Synergy Resources Corp has with a one year low of $5.01 and a one year high of $12.24 and has a total market value of $0.
A total of 23 equity analysts have released a ratings update on SYRG. Four equity analysts rating the company a strong buy, fifteen equity analysts rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $8.75.
Brief Synopsis 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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