Synergy Resources Corp Stock Price Up 6% Following Analyst Upgrade (SYRG)
Synergy Resources Corp (NASDAQ:SYRG) traded up 6% on Wednesday after Northland Securities raised their price target on the stock from $15.00 to $17.00, Analyst Ratings.Net reports. Northland Securities currently has an outperform rating on the stock. Synergy Resources Corp traded as high as $13.94 and last traded at $13.74, with a volume of 864,892 shares. The stock had previously closed at $12.96.
Other equities research analysts have also recently issued reports about the stock. Analysts at GMP Securities initiated coverage on shares of Synergy Resources Corp in a research note on Tuesday. They set a “buy” rating and a $17.00 price target on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Synergy Resources Corp from $11.50 to $15.50 in a research note on Tuesday, June 3rd. Finally, 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. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $15.05.
The stock’s 50-day moving average is $11.74 and its 200-day moving average is $10.3. The company has a market cap of $1.063 billion and a P/E ratio of 56.59.
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 $0.40 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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