The stock of Synergy Resources Corp (NYSEMKT:SYRG) is a huge mover today! About 1.35M shares traded hands. Synergy Resources Corp (NYSEMKT:SYRG) has declined 9.52% since March 11, 2016 and is downtrending. It has underperformed by 14.98% the S&P500.
The move comes after 9 months negative chart setup for the $1.41 billion company. It was reported on Oct, 14 by Barchart.com. We have $6.58 PT which if reached, will make NYSEMKT:SYRG worth $98.70M less.
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. As per Friday, May 27, the company rating was upgraded by Cantor Fitzgerald. The firm earned “Outperform” rating on Tuesday, January 12 by Imperial Capital. The firm has “Buy” rating given on Monday, October 19 by Wunderlich. The stock has “Buy” rating given by Roth Capital on Monday, October 19. Raymond James initiated the shares of SYRG in a report on Friday, June 17 with “Strong Buy” rating. TH Capital maintained the shares of SYRG in a report on Monday, August 24 with “Buy” rating. The stock of Synergy Resources Corp (NYSEMKT:SYRG) has “Accumulate” rating given on Thursday, November 19 by KLR Group. The stock of Synergy Resources Corp (NYSEMKT:SYRG) has “Outperform” rating given on Wednesday, July 29 by BMO Capital Markets. On Monday, January 11 the stock rating was maintained by Wunderlich with “Buy”. The stock of Synergy Resources Corp (NYSEMKT:SYRG) has “Sector Perform” rating given on Monday, December 14 by Howard Weil.
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 is positive, 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.
Fifth Third Retail Bank owns 856 shares or 0% of their US portfolio. Tiaa Cref Inv Mgmt Limited Co holds 635,127 shares or 0% of its portfolio. Schwab Charles Inv Mgmt has 0.01% invested in the company for 664,530 shares. Caymus Capital Limited Partnership last reported 0.25% of its portfolio in the stock. Comerica Comml Bank holds 193,538 shares or 0.01% of its portfolio. Invesco Ltd has 0% invested in the company for 626,066 shares. Bridgeway Capital Management accumulated 210,000 shares or 0.02% of the stock. Raymond James And Assocs has 0.01% invested in the company for 513,447 shares. The Massachusetts-based Boston Partners has invested 0.02% in Synergy Resources Corp (NYSEMKT:SYRG). Oxford Asset, a United Kingdom-based fund reported 42,812 shares. Millennium Mgmt Limited Liability Corp holds 2.06 million shares or 0.03% of its portfolio. Wells Fargo And Mn has invested 0% of its portfolio in Synergy Resources Corp (NYSEMKT:SYRG). Alliancebernstein Lp reported 12.03 million shares or 0.07% of all its holdings. Eagle Asset Management Incorporated, a Florida-based fund reported 142,345 shares. Bnp Paribas Arbitrage Sa holds 0% or 62,923 shares in its portfolio.
Insider Transactions: Since May 19, 2016, the stock had 6 buys, and 1 sale for $511,476 net activity. Osborn Cathleen M bought $12,020 worth of stock. Eberhard Michael bought $91,650 worth of stock. 1,500 shares were bought by Spence Nicholas, worth $9,530 on Tuesday, July 5. Kelly Daniel E bought $97,350 worth of stock. $294,426 worth of shares were bought by Peterson Lynn A on Thursday, October 6. On Thursday, May 19 the insider Noffsinger Robert W III sold $291,000. Henderson James P also bought $297,500 worth of Synergy Resources Corp (NYSEMKT:SYRG) shares.
More news for Synergy Resources Corp (NYSEMKT:SYRG) were recently published by: Prnewswire.com, which released: “Technical Roundup on Oil & Gas Stocks — Synergy Resources, National Oilwell …” on October 14, 2016. 9News.com‘s article titled: “Synergy Resources moves, expands at Denver Energy Center” and published on October 13, 2016 is yet another important article.
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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