Synergy Resources Corp Receives Average Recommendation of “Buy” from Analysts (NASDAQ:SYRG)
Synergy Resources Corp (NASDAQ:SYRG) has received a consensus recommendation of “Buy” from the fifteen ratings firms that are currently covering the stock, ARN reports. Fourteen research analysts have rated the stock with a buy recommendation, The average 1-year price target among brokers that have covered the stock in the last year is $16.04.
In other Synergy Resources Corp news, CFO Frank L. Jennings sold 10,000 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 $134,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Synergy Resources Corp (NASDAQ:SYRG) opened at 12.9325 on Friday. Synergy Resources Corp has a one year low of $8.11 and a one year high of $14.11. The stock has a 50-day moving average of $12.39 and a 200-day moving average of $11.5. The company has a market cap of $1.004 billion and a P/E ratio of 49.73.
Synergy Resources Corp (NASDAQ:SYRG) last released its earnings data 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. 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.
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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