Stock Mover of the Day: Is Buying Synergy Resources Corp Here a Winning Strategy?

Stock Mover of the Day: Is Buying Synergy Resources Corp Here a Winning Strategy?

The stock of Synergy Resources Corp (NYSEMKT:SYRG) is a huge mover today! About 6.13 million shares traded hands or 20.43% up from the average. Synergy Resources Corp (NYSEMKT:SYRG) has risen 5.11% since April 27, 2016 and is uptrending. It has underperformed by 0.12% the S&P500.
The move comes after 7 months positive chart setup for the $1.80 billion company. It was reported on Nov, 30 by Barchart.com. We have $9.74 PT which if reached, will make NYSEMKT:SYRG worth $108.00 million more.

Synergy Resources Corp (NYSEMKT:SYRG) Ratings Coverage

Out of 16 analysts covering Synergy Resources (NYSEMKT:SYRG), 15 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 94% are positive. Synergy Resources has been the topic of 31 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Thursday, June 23 by Simmons & Co. The stock of Synergy Resources Corp (NYSEMKT:SYRG) earned “Buy” rating by KLR Group on Wednesday, January 13. The firm has “Buy” rating given on Monday, October 19 by TH Capital. The company was maintained on Monday, January 11 by Wunderlich. The firm has “Market Perform” rating given on Tuesday, September 8 by Cowen & Co. TH Capital maintained the shares of SYRG in a report on Monday, August 24 with “Buy” rating. On Monday, October 19 the stock rating was maintained by Roth Capital with “Buy”. KLR Group downgraded it to “Accumulate” rating and $14 target price in Thursday, November 19 report. KLR Group downgraded the shares of SYRG in a report on Monday, November 28 to “Accumulate” rating. The rating was downgraded by Howard Weil to “Sector Perform” on Monday, December 14.

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 decreased to 1.35 in 2016 Q2. Its down 2.09, from 3.44 in 2016Q1. The ratio turned negative, 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.
Boston Ptnrs has 1.66M shares for 0.02% of their US portfolio. Commonwealth Of Pennsylvania Public School Empls Retrmt holds 0.01% or 64,841 shares in its portfolio. Ameriprise Fincl Inc accumulated 1.88 million shares or 0.01% of the stock. Talara Cap Mgmt Ltd Com, a New York-based fund reported 1.99 million shares. Raymond James accumulated 0.01% or 513,447 shares. Amalgamated Commercial Bank reported 22,092 shares or 0.01% of all its holdings. Victory Capital accumulated 0.23% or 8.73 million shares. Keybank Association Oh accumulated 0.01% or 177,000 shares. Price T Rowe Assocs Md accumulated 4.65M shares or 0.01% of the stock. Foundry Ptnrs Ltd Liability Co reported 28,850 shares or 0.01% of all its holdings. Citigroup accumulated 128,342 shares or 0% of the stock. Clearbridge Invs Llc holds 0% of its portfolio in Synergy Resources Corp (NYSEMKT:SYRG) for 411 shares. Great West Life Assurance Can accumulated 0% or 24,100 shares. Blackrock Investment Mngmt Limited Liability has 842,876 shares for 0.01% of their US portfolio. Menta Capital Limited Liability Corporation has 0.02% invested in the company for 18,030 shares.

Insider Transactions: Since July 5, 2016, the stock had 6 buys, and 0 insider sales for $802,476 net activity. Kelly Daniel E also bought $97,350 worth of Synergy Resources Corp (NYSEMKT:SYRG) on Wednesday, October 5. Another trade for 2,000 shares valued at $12,020 was bought by Osborn Cathleen M. Shares for $294,426 were bought by Peterson Lynn A. Henderson James P bought $297,500 worth of stock or 50,000 shares. Another trade for 15,000 shares valued at $91,650 was bought by Eberhard Michael. Spence Nicholas bought 1,500 shares worth $9,530.

SYRG Company Profile

Synergy Resources Corporation, incorporated on May 11, 2005, is an independent 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 generally extends from the Denver metropolitan area throughout northeast Colorado into Wyoming, Nebraska, and Kansas. The D-J Basin contains 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, predominantly in Weld County, Colorado. The Firm is focused on the horizontal development of the Codell and Niobrara formations.

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