Brokerages Set Synergy Resources Corporation (SRCI) Target Price at $9.00

Share on StockTwits

Shares of Synergy Resources Corporation (NASDAQ:SRCI) have received a consensus rating of “Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $9.00.

Several equities analysts have issued reports on the stock. BidaskClub raised shares of Synergy Resources from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Ifs Securities reaffirmed an “outperform” rating on shares of Synergy Resources in a report on Wednesday, February 6th.

NASDAQ SRCI traded up $0.36 during mid-day trading on Friday, reaching $6.31. 3,756,320 shares of the stock were exchanged, compared to its average volume of 3,881,408. Synergy Resources has a 1 year low of $4.01 and a 1 year high of $13.32.

Synergy Resources (NASDAQ:SRCI) last announced its quarterly earnings results on Wednesday, February 20th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. The firm had revenue of $190.34 million for the quarter, compared to analysts’ expectations of $186.18 million.

Synergy Resources Company Profile

SRC Energy Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Denver-Julesburg Basin of Colorado. As of December 31, 2017, it had net proved oil and natural gas reserves of 69.4 million barrels of oil and condensate, 559.9 billion cubic feet of natural gas, and 64.0 million barrels of natural gas liquids; and operated 551 net producing wells, as well as had 98,600 gross and 88,300 net acres under lease in the Wattenberg Field.

Read More: How is a buy-side analyst different from a sell-side analyst?

Analyst Recommendations for Synergy Resources (NASDAQ:SRCI)

Receive News & Ratings for Synergy Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synergy Resources and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Zacks Investment Research Lowers First Bancorp  to Hold
Zacks Investment Research Lowers First Bancorp to Hold
Analysts Set Medtronic PLC  PT at $103.90
Analysts Set Medtronic PLC PT at $103.90
Oxford Industries  Stock Rating Upgraded by Zacks Investment Research
Oxford Industries Stock Rating Upgraded by Zacks Investment Research
British Land  PT Lowered to GBX 600 at Deutsche Bank
British Land PT Lowered to GBX 600 at Deutsche Bank
Analyzing LightPath Technologies  & STMicroelectronics
Analyzing LightPath Technologies & STMicroelectronics
Analysts Set PLDT Inc  PT at $28.00
Analysts Set PLDT Inc PT at $28.00


© 2006-2019 Ticker Report