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Stock analysts at Brean Capital initiated coverage on shares of Synergy Resources Corp (NYSE:SYRG) in a report issued on Wednesday, StockRatingsNetwork reports. The firm set a “buy” rating and a $15.00 price target on the stock. Brean Capital’s target price would indicate a potential upside of 34.77% from the company’s current price.

Synergy Resources Corp (NYSE:SYRG) opened at 11.13 on Wednesday. Synergy Resources Corp has a one year low of $6.23 and a one year high of $12.96. The stock’s 50-day moving average is $10.92 and its 200-day moving average is $9.90. The company has a market cap of $859.1 million and a price-to-earnings ratio of 47.73.

Other equities research analysts have also recently issued reports about the stock. 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. 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.

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 (NYSE:SYRG) in northeast Colorado.

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