The stock of Synergy Resources Corp (NYSEMKT:SYRG) is a huge mover today! About 3.53 million shares traded hands. Synergy Resources Corp (NYSEMKT:SYRG) has declined 16.99% since March 16, 2016 and is downtrending. It has underperformed by 22.54% the S&P500.
The move comes after 8 months positive chart setup for the $1.51 billion company. It was reported on Oct, 19 by Barchart.com. We have $10.77 PT which if reached, will make NYSEMKT:SYRG worth $679.50 million 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. The company was maintained on Friday, January 22 by Howard Weil. Roth Capital maintained the stock with “Buy” rating in Monday, October 19 report. The stock of Synergy Resources Corp (NYSEMKT:SYRG) earned “Accumulate” rating by KLR Group on Thursday, November 19. The rating was upgraded by Cantor Fitzgerald to “Buy” on Friday, May 27. The rating was downgraded by Howard Weil on Monday, December 14 to “Sector Perform”. The stock has “Strong Buy” rating given by Raymond James on Friday, June 17. The firm has “Sector Outperform” rating by Howard Weil given on Monday, May 16. Wunderlich maintained the shares of SYRG in a report on Monday, October 19 with “Buy” rating. The stock has “Buy” rating given by TH Capital on Monday, October 19. The stock of Synergy Resources Corp (NYSEMKT:SYRG) has “Buy” rating given on Monday, January 11 by Wunderlich.
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 2016 Q2. 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.
Tiaa Cref Invest Ltd Co, a New York-based fund reported 635,127 shares. Blackrock Fund Advisors last reported 12.17M shares in the company. Great West Life Assurance Can holds 24,100 shares or 0% of its portfolio. Value L P reported 182,325 shares or 0.78% of all its holdings. Moreover, Century Companies Inc has 0% invested in Synergy Resources Corp (NYSEMKT:SYRG) for 353,156 shares. Cushing Asset Limited Partnership, a Texas-based fund reported 1.27M shares. Oxford Asset Mngmt last reported 0.01% of its portfolio in the stock. Talara Mngmt Lc accumulated 1.99M shares or 5.87% of the stock. Boothbay Fund Mngmt Lc holds 0.04% of its portfolio in Synergy Resources Corp (NYSEMKT:SYRG) for 12,132 shares. Manufacturers Life Insur The holds 123,834 shares or 0% of its portfolio. Tfs Limited Liability owns 177,041 shares or 0.22% of their US portfolio. Mesirow Finance Inv Mgmt owns 50,008 shares or 0.02% of their US portfolio. Credit Agricole S A has 0.01% invested in the company for 380,000 shares. Bridgeway Capital holds 0.02% of its portfolio in Synergy Resources Corp (NYSEMKT:SYRG) for 210,000 shares. State Street Corporation has 0% invested in the company for 6.82 million shares.
Insider Transactions: Since May 19, 2016, the stock had 6 buys, and 1 sale for $511,476 net activity. Noffsinger Robert W III had sold 50,000 shares worth $291,000. Shares for $97,350 were bought by Kelly Daniel E on Wednesday, October 5. $12,020 worth of shares were bought by Osborn Cathleen M on Tuesday, September 20. The insider Peterson Lynn A bought $294,426. The insider Spence Nicholas bought $9,530. 50,000 shares were bought by Henderson James P, worth $297,500 on Tuesday, September 20. On Tuesday, September 20 the insider Eberhard Michael bought $91,650.
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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