Synergy Resources Corp Now Covered by Analysts at FBR Capital Markets (SYRG)
A number of other analysts have also recently weighed in on SYRG. Analysts at ISI Group raised their EPS on shares of Synergy Resources Corp in a research note on Thursday, July 10th. They now have an “outperform” rating on the stock. Separately, 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, July 10th. They now have a “buy” rating on the stock. Finally, analysts at SunTrust reiterated a “buy” rating on shares of Synergy Resources Corp in a research note on Wednesday, July 9th. They now have a $15.00 price target on the stock, up previously from $13.00. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Synergy Resources Corp currently has a consensus rating of “Buy” and a consensus price target of $15.95.
Synergy Resources Corp (NASDAQ:SYRG) traded up 2.83% during mid-day trading on Wednesday, hitting $11.98. The stock had a trading volume of 736,165 shares. Synergy Resources Corp has a one year low of $7.12 and a one year high of $14.11. The stock’s 50-day moving average is $12.42 and its 200-day moving average is $10.71. The company has a market cap of $929.8 million and a price-to-earnings ratio of 44.64.
Synergy Resources Corp (NASDAQ:SYRG) last posted its quarterly earnings results on Wednesday, July 9th. The company reported $0.09 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.06 earnings per share. Synergy Resources Corp’s revenue was up 108.9% compared to the same quarter last year. Analysts expect that Synergy Resources Corp will post $0.38 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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