Exclusive: Is Synergy Resources Corp a Buy? The Stock Rises Again

Exclusive: Is Synergy Resources Corp a Buy? The Stock Rises Again

The stock of Synergy Resources Corp (NYSEMKT:SYRG) is a huge mover today! About 2.21M shares traded hands. Synergy Resources Corp (NYSEMKT:SYRG) has declined 5.67% since April 5, 2016 and is downtrending. It has underperformed by 7.62% the S&P500.
The move comes after 8 months positive chart setup for the $1.52 billion company. It was reported on Nov, 8 by Barchart.com. We have $9.31 PT which if reached, will make NYSEMKT:SYRG worth $395.20 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 30 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, August 24 by TH Capital. On Monday, December 14 the stock rating was downgraded by Howard Weil to “Sector Perform”. JP Morgan initiated the stock with “Overweight” rating in Tuesday, October 13 report. On Tuesday, September 8 the stock rating was downgraded by Cowen & Co to “Market Perform”. The rating was upgraded by Seaport Global to “Buy” on Tuesday, June 7. The stock of Synergy Resources Corp (NYSEMKT:SYRG) has “Buy” rating given on Wednesday, January 13 by KLR Group. KLR Group downgraded Synergy Resources Corp (NYSEMKT:SYRG) on Thursday, November 19 to “Accumulate” rating. The firm has “Outperform” rating given on Wednesday, July 29 by BMO Capital Markets. On Thursday, June 23 the stock rating was initiated by Simmons & Co with “Overweight”. The rating was initiated by Credit Suisse on Wednesday, September 21 with “Outperform”.

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 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.
Princeton Alpha Mgmt Lp owns 36,622 shares or 0.04% of their US portfolio. Ubs Oconnor Lc, a Illinois-based fund reported 212,850 shares. Hodges Capital Mngmt owns 210,000 shares or 0.07% of their US portfolio. Savings Bank Of New York Mellon has 0.01% invested in the company for 4.43M shares. Northern accumulated 0.01% or 3.30M shares. Stifel Financial reported 145,683 shares or 0% of all its holdings. Greenwood Cap Associates Ltd Liability owns 53,174 shares or 0.11% of their US portfolio. Lombard Odier Asset (Europe) holds 78,019 shares or 0.03% of its portfolio. The Colorado-based Ghp Invest Advsr Inc has invested 0.01% in Synergy Resources Corp (NYSEMKT:SYRG). Keeley Asset Management, a Illinois-based fund reported 2.51 million shares. Outfitter Limited holds 580,530 shares or 1.65% of its portfolio. Talara Llc, a New York-based fund reported 1.99 million shares. Legal General Gp Public Limited accumulated 0% or 27,569 shares. Moreover, New York State Common Retirement Fund has 0.01% invested in Synergy Resources Corp (NYSEMKT:SYRG) for 611,860 shares. Texas Permanent School Fund owns 148,104 shares or 0.01% of their US portfolio.

Insider Transactions: Since May 19, 2016, the stock had 6 buys, and 1 insider sale for $511,476 net activity. Spence Nicholas also bought $9,530 worth of Synergy Resources Corp (NYSEMKT:SYRG) on Tuesday, July 5. Shares for $291,000 were sold by Noffsinger Robert W III on Thursday, May 19. Another trade for 2,000 shares valued at $12,020 was bought by Osborn Cathleen M. 15,000 shares were bought by Eberhard Michael, worth $91,650 on Tuesday, September 20. The insider Kelly Daniel E bought $97,350. Peterson Lynn A bought 49,071 shares worth $294,426. 50,000 shares with value of $297,500 were bought by Henderson James P on Tuesday, September 20.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment