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Research analysts at ISI Group increased their earnings per share estimates on shares of Synergy Resources Corp (NASDAQ:SYRG) in a report released on Thursday. The firm currently has an “outperform” rating on the company’s shares.

Synergy Resources Corp (NASDAQ:SYRG) traded down 0.80% during mid-day trading on Thursday, hitting $12.38. 1,059,557 shares of the company’s stock traded hands. Synergy Resources Corp has a 52-week low of $7.12 and a 52-week high of $14.11. The stock’s 50-day moving average is $12.33 and its 200-day moving average is $10.62. The company has a market cap of $955.6 million and a price-to-earnings ratio of 54.50.

Synergy Resources Corp (NASDAQ:SYRG) last issued its quarterly earnings data on Wednesday, July 9th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.10 by $0.01. The company had revenue of $25.70 million for the quarter, compared to the consensus estimate of $27.99 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 108.9% on a year-over-year basis. On average, analysts predict that Synergy Resources Corp will post $0.37 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Wunderlich raised their price target on shares of Synergy Resources Corp from $15.00 to $16.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Synergy Resources Corp in a research note on Wednesday. They now have a $15.00 price target on the stock, up previously from $13.00. Finally, analysts at Roth Capital raised their price target on shares of Synergy Resources Corp from $15.00 to $20.00 in a research note on Thursday, June 26th. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $15.95.

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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