The stock of Synergy Resources Corp (NYSEMKT:SYRG) is a huge mover today! About 3.59M shares traded hands. Synergy Resources Corp (NYSEMKT:SYRG) has risen 7.29% since April 13, 2016 and is uptrending. It has outperformed by 3.36% the S&P500.
The move comes after 9 months positive chart setup for the $1.70 billion company. It was reported on Nov, 15 by Barchart.com. We have $13.02 PT which if reached, will make NYSEMKT:SYRG worth $969.00 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 30 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, June 23 by Simmons & Co. KLR Group upgraded the stock to “Buy” rating in Wednesday, January 13 report. The stock has “Sector Perform” rating given by Howard Weil on Monday, December 14. The firm earned “Outperform” rating on Wednesday, September 21 by Credit Suisse. Howard Weil upgraded it to “Sector Outperform” rating and $13 target price in Monday, May 16 report. The company was initiated on Tuesday, October 13 by JP Morgan. Imperial Capital maintained Synergy Resources Corp (NYSEMKT:SYRG) rating on Tuesday, January 12. Imperial Capital has “Outperform” rating and $8.0 price target. Cantor Fitzgerald upgraded the shares of SYRG in a report on Friday, May 27 to “Buy” rating. The firm earned “Outperform” rating on Wednesday, September 16 by Imperial Capital. As per Friday, June 17, the company rating was initiated by Raymond James.
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.
Lombard Odier Asset Mgmt (Europe) accumulated 78,019 shares or 0.03% of the stock. Manufacturers Life Insurance The accumulated 0% or 123,834 shares. Schroder Invest Grp owns 4.51M shares or 0.06% of their US portfolio. Loomis Sayles And Com L P last reported 1.89M shares in the company. William Harris Investors accumulated 1.33% or 798,380 shares. Marshall Wace Ltd Liability Partnership has 0% invested in the company for 12,362 shares. Credit Suisse Ag, a Switzerland-based fund reported 187,209 shares. Nationwide Fund Advisors last reported 132,323 shares in the company. Ls Advisors Ltd Llc holds 0% or 6,946 shares in its portfolio. Ny State Common Retirement Fund holds 0.01% or 611,860 shares in its portfolio. Franklin Inc accumulated 883,600 shares or 0% of the stock. Bank Of Mellon holds 0.01% or 4.43M shares in its portfolio. Dimensional Fund Advsrs L P, a Texas-based fund reported 4.44M shares. Louisiana State Employees Retirement has 85,800 shares for 0.03% of their US portfolio. Guggenheim Cap Limited Liability Corp has 0.01% invested in the company for 326,204 shares.
Insider Transactions: Since May 19, 2016, the stock had 6 insider purchases, and 0 selling transactions for $802,476 net activity. Henderson James P bought $297,500 worth of stock. On Thursday, May 19 the insider Noffsinger Robert W III sold $291,000. Spence Nicholas bought $9,530 worth of stock. Shares for $91,650 were bought by Eberhard Michael. Kelly Daniel E had bought 15,000 shares worth $97,350. $12,020 worth of Synergy Resources Corp (NYSEMKT:SYRG) shares were bought by Osborn Cathleen M. Peterson Lynn A bought $294,426 worth of Synergy Resources Corp (NYSEMKT:SYRG) on Thursday, October 6.
Another recent and important Synergy Resources Corp (NYSEMKT:SYRG) news was published by Reuters.com which published an article titled: “BRIEF-Synergy Resources Corp appoints Deloitte as auditor” on June 14, 2016.
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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