Synergy Resources Corp. PT Raised to $16.00 (SYRG)
Equities researchers at Imperial Capital raised their price objective on shares of Synergy Resources Corp. (NASDAQ:SYRG) from $12.00 to $16.00 in a research report issued on Friday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price objective indicates a potential upside of 28.82% from the company’s current price.
Synergy Resources Corp. (NASDAQ:SYRG) opened at 12.42 on Friday. Synergy Resources Corp. has a one year low of $6.20 and a one year high of $12.74. The stock has a 50-day moving average of $10.58 and a 200-day moving average of $9.84. The company has a market cap of $958.6 million and a price-to-earnings ratio of 54.24.
Synergy Resources Corp. (NASDAQ:SYRG) last issued its quarterly earnings data on Friday, April 4th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the 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.
Separately, analysts at Northland Securities raised their price target on shares of Synergy Resources Corp. from $13.00 to $15.00 in a research note on Thursday. They now have an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Synergy Resources Corp. currently has an average rating of “Buy” and a consensus price target of $14.25.
In other Synergy Resources Corp. news, COO Craig Duane Rasmuson unloaded 10,000 shares of Synergy Resources Corp. stock in a transaction that occurred on Monday, April 14th. The shares were 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 document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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