The stock of Synergy Resources Corp (NYSEMKT:SYRG) is a huge mover today! About 2.78 million shares traded hands. Synergy Resources Corp (NYSEMKT:SYRG) has declined 5.21% since March 2, 2016 and is downtrending. It has underperformed by 13.47% the S&P500.
The move comes after 6 months positive chart setup for the $1.25B company. It was reported on Oct, 5 by Barchart.com. We have $10.94 PT which if reached, will make NYSEMKT:SYRG worth $850.00M more.
Analysts await Synergy Resources Corp (NYSEMKT:SYRG) to report earnings on October, 20.
Synergy Resources Corp (NYSEMKT:SYRG) Ratings Coverage
Out of 15 analysts covering Synergy Resources (NYSEMKT:SYRG), 14 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 93% are positive. Synergy Resources has been the topic of 29 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Seaport Global upgraded the stock to “Buy” rating in Tuesday, June 7 report. The rating was maintained by Imperial Capital on Wednesday, September 16 with “Outperform”. The firm earned “Accumulate” rating on Thursday, November 19 by KLR Group. The firm has “Market Perform” rating by Cowen & Co given on Tuesday, September 8. The rating was initiated by Raymond James on Friday, June 17 with “Strong Buy”. The firm earned “Buy” rating on Monday, August 24 by TH Capital. The firm earned “Sector Perform” rating on Friday, January 22 by Howard Weil. The firm earned “Overweight” rating on Tuesday, October 13 by JP Morgan. Wunderlich maintained the stock with “Buy” rating in Monday, January 11 report. On Wednesday, January 13 the stock rating was upgraded by KLR Group to “Buy”.
According to Zacks Investment Research, “Synergy Resources Corporation operates as an oil and natural gas company engaged in the exploration and production of oil and natural gas in the Denver-Julesburg Basin. Synergy Resources Corporation has its corporate offices located in Platteville, Colorado.”
Insitutional Activity: The institutional sentiment increased to 3.44 in Q2 2016. Its up 1.53, from 1.91 in 2016Q1. The ratio improved, as 19 funds sold all Synergy Resources Corp shares owned while 24 reduced positions. 45 funds bought stakes while 103 increased positions. They now own 375.70 million shares or 221.48% more from 116.87 million shares in 2016Q1.
Arizona State Retirement System holds 0.01% or 100,593 shares in its portfolio. Td Asset Mngmt Incorporated accumulated 0% or 29,300 shares. The Connecticut-based Axiom Intll Invsts Ltd De has invested 0.04% in Synergy Resources Corp (NYSEMKT:SYRG). Wellington Mngmt Group Limited Liability Partnership last reported 0.04% of its portfolio in the stock. First Retail Bank Of Omaha accumulated 0.01% or 30,000 shares. Eagle Asset Management accumulated 0.01% or 142,345 shares. Foundry Prtnrs Limited Liability Company holds 0.01% or 28,850 shares in its portfolio. Great West Life Assurance Can holds 0% or 24,100 shares in its portfolio. Zimmer Partners Limited Partnership accumulated 2.78% or 14.03 million shares. Cadence Capital Mngmt Limited Liability last reported 0.08% of its portfolio in the stock. Springbok Mngmt Ltd Limited Liability Company holds 0.56% of its portfolio in Synergy Resources Corp (NYSEMKT:SYRG) for 603,533 shares. Blackrock last reported 0% of its portfolio in the stock. Emerald Mutual Fund Advisers Tru holds 1.20M shares or 0.45% of its portfolio. Blackrock Mgmt Ltd Com has 842,876 shares for 0.01% of their US portfolio. Moreover, Alyeska Invest Grp L P has 0.26% invested in Synergy Resources Corp (NYSEMKT:SYRG) for 3.75M shares.
Insider Transactions: Since April 12, 2016, the stock had 3 insider purchases, and 2 insider sales for $373,928 net activity. Noffsinger Robert W III sold $484,098 worth of stock. Henderson James P bought 50,000 shares worth $297,500. On Tuesday, September 20 Eberhard Michael bought $91,650 worth of the stock or 15,000 shares. Osborn Cathleen M bought $12,020 worth of Synergy Resources Corp (NYSEMKT:SYRG) on Tuesday, September 20.
Another recent and important Synergy Resources Corp (NYSEMKT:SYRG) news was published by Reuters.com which published an article titled: “BRIEF-Israel Englander reports 5.2 percent passive stake in Synergy Resour…” on August 29, 2016.
SYRG Company Profile
Synergy Resources Corporation, incorporated on May 11, 2005, is a shell company. The Firm is an oil and natural gas company. The Firm is engaged in the acquisition, development and production of natural gas and crude oil in and around the Denver-Julesburg Basin (D-J Basin) of Colorado. The D-J Basin has hydrocarbon-bearing deposits in various formations, including the Niobrara, Codell, Greenhorn, Shannon, Sussex, J-Sand and D-Sand. The Company’s drilling and completion activities are focused in the Wattenberg Field, an area that covers the western flank of the D-J Basin, in Weld County, Colorado. The Firm is focused on the horizontal development of the Codell and Niobrara formations.
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