Share on StockTwits

Synergy Resources Corp (NASDAQ:SYRG) CFO Frank L. Jennings sold 10,000 shares of the stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $13.48, for a total value of $134,800.00. Following the sale, the chief financial officer now directly owns 76,618 shares in the company, valued at approximately $1,032,811. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 52-week low of $8.11 and a 52-week 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 price-to-earnings ratio of 52.11.

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 $0.38 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on SYRG shares. 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 analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $16.04.

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.

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.