Synergy Resources (NYSEMKT:SYRG) target price raised to $9.00, reported today by RBC Capital Markets
- Updated: September 26, 2016
Synergy Resources (NYSEMKT:SYRG) had its price target upped to $9.00 by RBC Capital Markets in a report released Tuesday September 27, 2016. The updated target suggests a potential upside of 0.38% from the company's most recent close.
On Wednesday September 21, 2016, Credit Suisse released a statement on Synergy Resources (NYSEMKT:SYRG) bumped up the target price from $0.00 to $9.00 that suggested an upside of 0.53%.
Boasting a price of $6.54, Synergy Resources (NYSEMKT:SYRG) traded 1.71% higher on the day. With the last close down -4.23% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Synergy Resources has recorded a 50-day average of $6.65 and a two hundred day average of $6.83. Volume of trade was down over the average, with 3,305,168 shares of SYRG changing hands under the typical 4,638,340
With a total market value of $0, Synergy Resources 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. Four analysts rating the company a strong buy, fifteen analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero brokerages rating the stock a sell with a average stock price target of $8.75.
Brief Synopsis On 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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