Synergy Resources Corp (NASDAQ:SYRG) CFO James P. Henderson purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was bought at an average cost of $5.95 per share, with a total value of $297,500.00. Following the completion of the transaction, the chief financial officer now directly owns 179,605 shares in the company, valued at approximately $1,068,649.75. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Synergy Resources Corp (NASDAQ:SYRG) opened at 6.54 on Tuesday. The firm has a 50-day moving average price of $6.65 and a 200 day moving average price of $6.83. Synergy Resources Corp has a 52 week low of $5.01 and a 52 week high of $12.24. The company’s market cap is $1.31 billion.
Synergy Resources Corp (NASDAQ:SYRG) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.04. The company earned $23.90 million during the quarter, compared to the consensus estimate of $24.90 million. The business’s revenue was down 15.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.02) EPS. Analysts expect that Synergy Resources Corp will post ($0.08) EPS for the current fiscal year.
SYRG has been the subject of several research analyst reports. KLR Group reaffirmed a “buy” rating and set a $9.00 target price (up from $8.00) on shares of Synergy Resources Corp in a research report on Tuesday, August 30th. Citigroup Inc. set a $7.50 target price on Synergy Resources Corp and gave the company a “buy” rating in a research report on Thursday, August 11th. Stephens raised Synergy Resources Corp from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, June 1st. Roth Capital reaffirmed a “hold” rating on shares of Synergy Resources Corp in a research report on Tuesday, July 12th. Finally, BMO Capital Markets lowered Synergy Resources Corp from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $8.00 to $6.00 in a research report on Monday, August 8th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $8.35.
A number of hedge funds have recently modified their holdings of the company. Virginia Retirement Systems ET AL bought a new stake in shares of Synergy Resources Corp during the second quarter worth approximately $119,000. Societe Generale bought a new stake in shares of Synergy Resources Corp during the second quarter worth approximately $121,000. Pittenger & Anderson Inc. boosted its stake in shares of Synergy Resources Corp by 27.6% in the second quarter. Pittenger & Anderson Inc. now owns 18,500 shares of the company’s stock worth $123,000 after buying an additional 4,000 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Synergy Resources Corp by 76.9% in the second quarter. Amalgamated Bank now owns 22,092 shares of the company’s stock worth $152,000 after buying an additional 9,601 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Synergy Resources Corp by 167.2% in the second quarter. Tower Research Capital LLC TRC now owns 24,558 shares of the company’s stock worth $163,000 after buying an additional 15,368 shares during the last quarter.
About Synergy Resources Corp
Synergy Resources Corporation is a shell company. The Company is an oil and natural gas company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in and around the Denver-Julesburg Basin (D-J Basin) of Colorado. The D-J Basin has hydrocarbon-bearing deposits in several formations, including the Niobrara, Codell, Greenhorn, Shannon, Sussex, J-Sand and D-Sand.
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