Brean Capital Initiates Coverage on Synergy Resources Corp (SYRG)
Equities researchers at Brean Capital started coverage on shares of Synergy Resources Corp (NASDAQ:SYRG) in a research report issued on Wednesday, Analyst Ratings Network reports. The firm set a “buy” rating and a $15.00 price target on the stock. Brean Capital’s price target suggests a potential upside of 34.77% from the company’s current price.
In other Synergy Resources Corp news, Director Bill Conrad sold 20,000 shares of Synergy Resources Corp stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $11.46, for a total value of $229,200.00. Following the sale, the director now directly owns 222,225 shares in the company, valued at approximately $2,546,699. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on SYRG. Analysts at Mizuho raised their price target on shares of Synergy Resources Corp from $13.00 to $15.00 in a research note on Monday, April 28th. They now have a “buy” rating on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Synergy Resources Corp from $12.00 to $16.00 in a research note on Friday, April 25th. They now have an “outperform” rating on the stock. Finally, 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, April 24th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Synergy Resources Corp presently has an average rating of “Buy” and a consensus target price of $14.56.
Synergy Resources Corp (NASDAQ:SYRG) opened at 11.13 on Wednesday. Synergy Resources Corp has a 1-year low of $6.23 and a 1-year high of $12.96. The stock has a 50-day moving average of $10.92 and a 200-day moving average of $9.90. The company has a market cap of $859.1 million and a price-to-earnings ratio of 47.73.
Synergy Resources Corp (NASDAQ:SYRG) last announced its earnings results on Friday, April 4th. The company reported $0.09 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.09. Analysts expect that Synergy Resources Corp will post $0.39 EPS 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 primarily located in the Denver-Julesburg Basin (NASDAQ:SYRG) in northeast Colorado.
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