Synergy Resources Corp. Shares Gap Up After Analyst Upgrade (SYRG)
Synergy Resources Corp. (NASDAQ:SYRG) gapped up prior to trading on Thursday after Northland Securities raised their price target on the stock from $13.00 to $15.00, StockRatingsNetwork reports. The stock had previously closed at $11.46, but opened at $11.54. Northland Securities currently has an outperform rating on the stock. Synergy Resources Corp. shares last traded at $12.54, with a volume of 1,412,500 shares traded.
Separately, analysts at Imperial Capital initiated coverage on shares of Synergy Resources Corp. in a research note on Friday, March 28th. They set an “outperform” rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $13.75.
In other Synergy Resources Corp. news, COO Craig Duane Rasmuson sold 10,000 shares of the company’s stock on the open market in a transaction dated Monday, April 14th. The stock was sold at an average price of $10.48, for a total transaction of $104,800.00. Following the completion of the sale, the chief operating officer now directly owns 20,000 shares of the company’s stock, valued at approximately $209,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
The stock has a 50-day moving average of $10.52 and a 200-day moving average of $9.82. The company has a market cap of $958.6 million and a P/E ratio of 50.39.
Synergy Resources Corp. (NASDAQ:SYRG) last announced its earnings results on Friday, April 4th. The company reported $0.09 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.09. On average, analysts predict that Synergy Resources Corp. will post $0.39 earnings per share for the current fiscal year.
Synergy Resources Corporation is an oil and gas operator in Colorado. The Company is focused on the acquisition, development, exploitation, exploration and production of oil and natural gas properties located in the Wattenberg field in the D-J Basin in northeast Colorado.
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