Stock Rating: Will KLR Group Downgrade Harm Synergy Resources (SYRG) Stock Price Today?

November 28, 2016 - By Winifred Garcia

Stock Rating: Will KLR Group Downgrade Harm Synergy Resources (SYRG) Stock Price Today?

Synergy Resources (SYRG) Downgrade

KLR Group cut shares of Synergy Resources (SYRG) from a Buy rating to a Accumulate rating in a analysts note issued to investors and clients on 28 November.

Synergy Resources Corp (NYSEMKT:SYRG) Ratings Coverage

Out of 3 analysts covering Synergy Resources (SYRG), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $9.0 is the highest target while $9.0 is the lowest. The $9 average target is 5.63% above today’s ($8.52) stock price. Synergy Resources has been the topic of 3 analyst reports since September 21, 2016 according to StockzIntelligence Inc. Wells Fargo initiated the shares of SYRG in a report on Tuesday, October 25 with “Outperform” rating. The stock of Synergy Resources Corp (NYSEMKT:SYRG) has “Outperform” rating given on Tuesday, September 27 by RBC Capital Markets. The stock of Synergy Resources Corp (NYSEMKT:SYRG) has “Outperform” rating given on Wednesday, September 21 by Credit Suisse.

About 1.14 million shares traded hands. Synergy Resources Corp (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 2016 Q2. Its down 2.09, from 3.44 in 2016Q1. The ratio dived, 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.

The Minnesota-based Us Natl Bank De has invested 0% in Synergy Resources Corp (NYSEMKT:SYRG). The Switzerland-based Swiss Comml Bank has invested 0% in Synergy Resources Corp (NYSEMKT:SYRG). Gradient Investments owns 75,697 shares or 0.05% of their US portfolio. Keeley Asset Management Corp holds 0.7% of its portfolio in Synergy Resources Corp (NYSEMKT:SYRG) for 2.51 million shares. Comerica Financial Bank has invested 0.01% of its portfolio in Synergy Resources Corp (NYSEMKT:SYRG). Bankshares Of New York Mellon holds 0.01% or 4.43 million shares in its portfolio. Goldman Sachs Grp Incorporated accumulated 0% or 1.81 million shares. Deprince Race Zollo has invested 0.01% of its portfolio in Synergy Resources Corp (NYSEMKT:SYRG). Indexiq Limited Liability Corp last reported 7,192 shares in the company. Atlantic Trust Gp Llc holds 0.01% of its portfolio in Synergy Resources Corp (NYSEMKT:SYRG) for 300,000 shares. Ameriprise Fin has invested 0.01% of its portfolio in Synergy Resources Corp (NYSEMKT:SYRG). Jpmorgan Chase Communications last reported 4.98M shares in the company. Oxford Asset Mngmt owns 42,812 shares or 0.01% of their US portfolio. Emerald Advisers Inc Pa owns 1.12 million shares or 0.36% of their US portfolio. State Of Tennessee Treasury Department holds 0.01% or 153,518 shares in its portfolio.

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

Synergy Resources Corporation is an independent oil and natural gas company. The company has a market cap of $1.71 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

>