Insider Selling: Synergy Resources Corp CEO Sells 50,000 Shares of Stock (SYRG)
Synergy Resources Corp (NASDAQ:SYRG) CEO Edward A. Holloway sold 50,000 shares of the stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $13.48, for a total value of $674,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
SYRG has been the subject of a number of recent research reports. Analysts at Canaccord Genuity initiated coverage on shares of Synergy Resources Corp in a research note on Monday, August 18th. They set a “buy” rating and a $17.00 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Synergy Resources Corp from a “hold” rating to a “buy” rating in a research note on Monday, August 4th. They now have a $13.00 price target on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of Synergy Resources Corp in a research note on Wednesday, July 16th. They set an “outperform” rating and a $19.00 price target on the stock. Fourteen equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $16.04.
Shares of Synergy Resources Corp (NASDAQ:SYRG) traded down 3.68% on Thursday, hitting $13.10. The stock had a trading volume of 368,486 shares. Synergy Resources Corp has a 1-year low of $8.11 and a 1-year high of $14.11. The stock has a 50-day moving average of $12.36 and a 200-day moving average of $11.57. The company has a market cap of $1.017 billion and a P/E ratio of 52.11.
Synergy Resources Corp (NASDAQ:SYRG) last issued its quarterly earnings data on Wednesday, July 9th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the 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 $0.38 earnings per share 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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