About Synergy Resources Corp
Synergy Resources Corporation is an independent 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 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 Company is focused on the horizontal development of the Codell and Niobrara formations. As of December 31, 2015, the Company was the operator of 418 gross (369 net) producing wells and participate as non-operators in 191 producing wells.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Equipment & Services
- Sub-Industry: Oil & Gas Exploration & Production
- Exchange: NASDAQ
- Symbol: SYRG
- CUSIP: 87164P10
Companies Related to Synergy Resources Corp:
- Previous Close: $8.50
- 50 Day Moving Average: $8.71
- 200 Day Moving Average: $7.88
- 52-Week Range: $5.34 - $10.38
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 29.31
- P/E Growth: -12.86
- Market Cap: $1.70B
- Outstanding Shares: 200,577,000
What is Synergy Resources Corp's stock symbol?
Synergy Resources Corp trades on the NASDAQ under the ticker symbol "SYRG."
Where is Synergy Resources Corp's stock going? Where will Synergy Resources Corp's stock price be in 2017?
22 equities research analysts have issued twelve-month price objectives for Synergy Resources Corp's shares. Their forecasts range from $6.50 to $13.00. On average, they anticipate Synergy Resources Corp's share price to reach $9.67 in the next twelve months.
When will Synergy Resources Corp announce their earnings?
Synergy Resources Corp is scheduled to release their next quarterly earnings announcement on Thursday, February, 23rd 2017.
What are analysts saying about Synergy Resources Corp stock?
Here are some recent quotes from research analysts about Synergy Resources Corp stock:
- Robert W. Baird analysts commented, "SYRG's January 12 update brings incremental line-of-sight to the successful upstart on the Fagerberg and Evans pads as well as the company's ability to self-fund 2017+ development, key underpinnings of our bullish thesis on shares. We continue to view risk-reward on the stock as favorable and maintain positive bias to our valuation ahead of an expected upturn in volumes in 2017." (1/17/2017)
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. " (1/14/2017)
Roth Capital analysts commented, "future appears cloudy," as the company didn't raise its 2016 capital budget despite the large acquisition, and it may need to drawdown a portion of its revolver to fund 2016 capital expenditures, which could "limit its ability to grow in 2017."We are concerned by the significant dilution SYRG has experienced during 2016. Additionally, we believe there is some concern that SYRG will not have the necessary capital to grow production at an increased rate post closing of this acquisition," Reagor explained.Commenting on the first quarter results, Reagor said the company's revenue of $18.3 million and a loss of $0.42 were below his estimates of $21.8 million and loss of $0.08. The revenue miss was driven by lower oil to gas production ratio and weak price realizations. "We note that the gas to oil ratio appears to be trending in the wrong direction for SYRG, which could impact future well economics, in our view," (5/5/2016)
Who owns Synergy Resources Corp stock?
Synergy Resources Corp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include SailingStone Capital Partners LLC (8.18%), Zimmer Partners LP (5.52%), State Street Corp (4.13%), Dimensional Fund Advisors LP (3.43%), NWQ Investment Management Company LLC (2.61%) and Franklin Resources Inc. (2.02%). Company insiders that own Synergy Resources Corp stock include Cathleen M Osborn, Daniel E Kelly, James P Henderson, Lynn A Peterson, Michael Eberhard, Nicholas Spence, Robert W Noffsinger III and Valerie Sue Dunn.
Who sold Synergy Resources Corp stock? Who is selling Synergy Resources Corp stock?
Synergy Resources Corp's stock was sold by a variety of institutional investors in the last quarter, including Alyeska Investment Group L.P., Zimmer Partners LP, State Street Corp, Westwood Holdings Group Inc., Guggenheim Capital LLC, Royce & Associates LP, Cortina Asset Management LLC and Commonwealth of Pennsylvania Public School Empls Retrmt SYS.
Who bought Synergy Resources Corp stock? Who is buying Synergy Resources Corp stock?
Synergy Resources Corp's stock was purchased by a variety of institutional investors in the last quarter, including SailingStone Capital Partners LLC, NWQ Investment Management Company LLC, Franklin Resources Inc., Loomis Sayles & Co. L P, Russell Investments Group Ltd., Dimensional Fund Advisors LP, Value Holdings Management CO. LLC and Luminus Management LLC. Company insiders that have bought Synergy Resources Corp stock in the last two years include Cathleen M Osborn, Daniel E Kelly, James P Henderson, Lynn A Peterson, Michael Eberhard and Nicholas Spence.
How do I buy Synergy Resources Corp stock?
Shares of Synergy Resources Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Synergy Resources Corp stock cost?
One share of Synergy Resources Corp stock can currently be purchased for approximately $8.50.