Rating Flow: Is It Finally Time To Sell? KLR Group Downgrades Synergy Resources (NYSEMKT:SYRG)

November 28, 2016 - By Nellie Frank

Rating Flow: Is It Finally Time To Sell? KLR Group Downgrades Synergy Resources (NYSEMKT:SYRG)

Synergy Resources (NYSEMKT:SYRG) Downgrade

Synergy Resources (NYSEMKT:SYRG)‘s rating was downgraded by research analysts at KLR Group from a Buy rating to a Accumulate rating in an analyst note made public on 28 November.

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. $18.0 is the highest target while $8 is the lowest. The $12.07 average target is 44.55% above today’s ($8.35) stock price. Synergy Resources has been the topic of 30 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Howard Weil maintained it with “Sector Perform” rating and $10.0 target price in Friday, January 22 report. On Monday, October 19 the stock rating was maintained by Roth Capital with “Buy”. Cantor Fitzgerald upgraded the stock to “Buy” rating in Friday, May 27 report. The firm earned “Market Perform” rating on Tuesday, September 8 by Cowen & Co. The firm has “Accumulate” rating given on Thursday, November 19 by KLR Group. The company was maintained on Monday, October 19 by TH Capital. The firm has “Strong Buy” rating by Raymond James given on Friday, June 17. As per Monday, December 14, the company rating was downgraded by Howard Weil. The stock of Synergy Resources Corp (NYSEMKT:SYRG) earned “Buy” rating by Wunderlich on Monday, October 19. On Wednesday, September 21 the stock rating was initiated by Credit Suisse with “Outperform”.

About 3.10M shares traded hands. Synergy Resources Corp (NYSEMKT:SYRG) has risen 17.58% since April 25, 2016 and is uptrending. It has outperformed by 11.56% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 1.35 in Q2 2016. Its down 2.09, from 3.44 in 2016Q1. The ratio dropped, 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.

First Trust Advisors Ltd Partnership has 0% invested in the company for 138,552 shares. Tci Wealth Advisors Inc has invested 0% of its portfolio in Synergy Resources Corp (NYSEMKT:SYRG). Schroder Inv Management Gru accumulated 4.51M shares or 0.06% of the stock. Hodges Capital Mgmt, a Texas-based fund reported 210,000 shares. Sei Investments has 0.01% invested in the company for 240,630 shares. Kcg has 0.01% invested in the company for 108,141 shares. Franklin holds 883,600 shares or 0% of its portfolio. Nikko Asset Management Americas Inc holds 0.44% of its portfolio in Synergy Resources Corp (NYSEMKT:SYRG) for 676,100 shares. Moreover, Franklin Street Nc has 0.05% invested in Synergy Resources Corp (NYSEMKT:SYRG) for 36,000 shares. Northern Tru holds 3.30 million shares or 0.01% of its portfolio. The Pennsylvania-based Penn Inc has invested 0.36% in Synergy Resources Corp (NYSEMKT:SYRG). Wellington Management Group Ltd Liability Partnership has invested 0.04% of its portfolio in Synergy Resources Corp (NYSEMKT:SYRG). Rhumbline Advisers last reported 0% of its portfolio in the stock. Consolidated Investment Group Inc Ltd Company has 1.17% invested in the company for 347,484 shares. Ny State Teachers Retirement holds 411,774 shares or 0.01% of its portfolio.

Insider Transactions: Since July 5, 2016, the stock had 6 buys, and 0 sales for $802,476 net activity. Shares for $294,426 were bought by Peterson Lynn A on Thursday, October 6. On Tuesday, July 5 Spence Nicholas bought $9,530 worth of the stock or 1,500 shares. On Tuesday, September 20 Osborn Cathleen M bought $12,020 worth of the stock or 2,000 shares. 15,000 shares with value of $97,350 were bought by Kelly Daniel E on Wednesday, October 5. Henderson James P also bought $297,500 worth of Synergy Resources Corp (NYSEMKT:SYRG) shares. On Tuesday, September 20 the insider Eberhard Michael bought $91,650.

Synergy Resources Corporation is an independent oil and natural gas company. The company has a market cap of $1.68 billion. The Firm is engaged in the acquisition, development and production of natural gas and crude oil in and around the Denver-Julesburg Basin of Colorado. It currently has negative earnings. The D-J Basin generally extends from the Denver metropolitan area throughout northeast Colorado into Wyoming, Nebraska, and Kansas.

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.”

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.

Another recent and important Synergy Resources Corp (NYSEMKT:SYRG) news was published by Prnewswire.com which published an article titled: “Oil & Gas Stocks under Review — Weatherford, Halliburton, Schlumberger, and …” on November 28, 2016.

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.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>