Synergy Resources Corp PT Raised to $15.00 at Roth Capital (SYRG)
Research analysts at Roth Capital increased their target price on shares of Synergy Resources Corp (NYSE:SYRG) from $14.00 to $15.00 in a report released on Friday. Roth Capital’s target price would suggest a potential upside of 26.26% from the company’s current price.
Synergy Resources Corp (NYSE:SYRG) opened at 11.88 on Friday. Synergy Resources Corp has a one year low of $6.23 and a one year high of $12.96. The stock has a 50-day moving average of $11.18 and a 200-day moving average of $9.9. The company has a market cap of $917.0 million and a P/E ratio of 50.52. Synergy Resources Corp also saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 7,021,883 shares, a decline of 0.5% from the April 30th total of 7,060,149 shares. Approximately 11.0% of the company’s shares are short sold. Based on an average daily trading volume, of 437,505 shares, the days-to-cover ratio is presently 16.0 days.
A number of other firms have also recently commented on SYRG. Analysts at Brean Capital initiated coverage on shares of Synergy Resources Corp in a research note on Wednesday, May 14th. They set a “buy” rating and a $15.00 price target on the stock. Separately, 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. Finally, 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.