Synergy Resources Corp (NASDAQ:SYRG) has been downgraded to Accumulate in a statement by KLR Group earlier today.
- Updated: November 28, 2016
KLR Group has downgraded Synergy Resources Corp (NASDAQ:SYRG) to Accumulate in a statement released on 11/28/2016.
On 11/15/2016, Zacks Investment Research released a statement about Synergy Resources Corp (NASDAQ:SYRG) upped the target price from $0.00 to $9.25 that suggested an upside of 0.09%.
Having a price of $8.62, Synergy Resources Corp (NASDAQ:SYRG) traded -3.51% lower on the day. With the last stock price up 25.53% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. SYRG has recorded a 50-day average of $7.56 and a two hundred day average of $6.79. Trade Volume was down over the average, with 1,821,605 shares of SYRG changing hands under the typical 4,929,020
Recent Performance Chart
Synergy Resources Corp has with a one year low of $5.01 and a one year high of $11.70 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 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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