Equities research analysts at Credit Suisse Group AG began coverage on shares of Synergy Resources Corp. (NYSEMKT:SYRG) in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. The brokerage set an “outperform” rating and a $9.00 price target on the stock. Credit Suisse Group AG’s target price points to a potential upside of 53.06% from the company’s current price.

SYRG has been the topic of a number of other research reports. Cantor Fitzgerald raised shares of Synergy Resources Corp. from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a research note on Friday, May 27th. Seaport Global Securities raised shares of Synergy Resources Corp. from an “accumulate” rating to a “buy” rating in a research note on Tuesday, June 7th. Raymond James Financial Inc. began coverage on shares of Synergy Resources Corp. in a research note on Friday, June 17th. They issued a “strong-buy” rating on the stock. Simmons began coverage on shares of Synergy Resources Corp. in a research note on Thursday, June 23rd. They issued an “overweight” rating on the stock. Finally, KLR Group raised shares of Synergy Resources Corp. from an “accumulate” rating to a “buy” rating and upped their target price for the company from $7.00 to $9.00 in a research note on Monday, July 18th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $9.80.

Shares of Synergy Resources Corp. (NYSEMKT:SYRG) opened at 5.88 on Wednesday. Synergy Resources Corp. has a 12-month low of $5.01 and a 12-month high of $12.24. The company’s market cap is $1.18 billion. The stock’s 50 day moving average price is $6.64 and its 200-day moving average price is $6.87.

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A number of institutional investors have recently made changes to their positions in SYRG. Texas Permanent School Fund raised its position in shares of Synergy Resources Corp. by 15.5% in the first quarter. Texas Permanent School Fund now owns 91,320 shares of the company’s stock valued at $711,000 after buying an additional 12,225 shares in the last quarter. Nisa Investment Advisors L.L.C. purchased a new stake in Synergy Resources Corp. during the first quarter valued at $287,000. Icon Advisers Inc. Co. purchased a new stake in Synergy Resources Corp. during the first quarter valued at $6,939,000. TIAA CREF Investment Management LLC raised its stake in Synergy Resources Corp. by 1.9% in the first quarter. TIAA CREF Investment Management LLC now owns 368,946 shares of the company’s stock valued at $2,867,000 after buying an additional 6,871 shares during the period. Finally, Teachers Advisors Inc. raised its stake in Synergy Resources Corp. by 10.4% in the first quarter. Teachers Advisors Inc. now owns 226,571 shares of the company’s stock valued at $1,760,000 after buying an additional 21,431 shares during the period.

Synergy Resources Corp. Company Profile

Synergy Resources Corporation is a shell company. The Company is an oil and natural gas company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in and around the Denver-Julesburg Basin (D-J Basin) of Colorado. The D-J Basin has hydrocarbon-bearing deposits in several formations, including the Niobrara, Codell, Greenhorn, Shannon, Sussex, J-Sand and D-Sand.

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