Synergy Resources Corp (NASDAQ:SYRG) traded down 3.3% during trading on Tuesday . The company traded as low as $5.87 and last traded at $5.88, with a volume of 3,489,083 shares trading hands. The stock had previously closed at $6.08.

A number of equities research analysts have commented on the company. BMO Capital Markets reiterated a “hold” rating and set a $7.00 target price on shares of Synergy Resources Corp in a report on Friday, September 9th. Simmons assumed coverage on Synergy Resources Corp in a report on Thursday, June 23rd. They set an “overweight” rating on the stock. Piper Jaffray Cos. assumed coverage on Synergy Resources Corp in a report on Thursday, June 23rd. They set an “overweight” rating on the stock. Zacks Investment Research upgraded Synergy Resources Corp from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Wednesday, June 15th. Finally, KLR Group reiterated a “buy” rating and set a $9.00 target price (up previously from $8.00) on shares of Synergy Resources Corp in a report on Tuesday, August 30th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Synergy Resources Corp currently has a consensus rating of “Buy” and an average price target of $8.28.

The stock has a 50 day moving average of $6.64 and a 200-day moving average of $6.87. The firm’s market cap is $1.18 billion.

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Synergy Resources Corp (NASDAQ:SYRG) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The firm earned $23.90 million during the quarter, compared to analyst estimates of $24.90 million. The company’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) EPS. On average, equities analysts expect that Synergy Resources Corp will post ($0.08) EPS for the current fiscal year.

Large investors have recently made changes to their positions in the company. BlackRock Fund Advisors boosted its stake in shares of Synergy Resources Corp by 68.7% in the second quarter. BlackRock Fund Advisors now owns 12,165,933 shares of the company’s stock valued at $81,025,000 after buying an additional 4,953,998 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Synergy Resources Corp by 57.7% in the second quarter. Alliancebernstein L.P. now owns 12,030,783 shares of the company’s stock valued at $80,125,000 after buying an additional 4,399,699 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Synergy Resources Corp by 93.9% in the second quarter. Vanguard Group Inc. now owns 9,044,518 shares of the company’s stock valued at $60,236,000 after buying an additional 4,379,664 shares during the last quarter. State Street Corp boosted its stake in shares of Synergy Resources Corp by 79.0% in the second quarter. State Street Corp now owns 6,823,663 shares of the company’s stock valued at $45,441,000 after buying an additional 3,011,606 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Synergy Resources Corp by 61.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,002,659 shares of the company’s stock valued at $33,318,000 after buying an additional 1,899,714 shares during the last quarter.

About Synergy Resources Corp

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.

5 Day Chart for NASDAQ:SYRG

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