Synergy Resources Corp (NYSEMKT:SYRG) soared 2.59% during previous trade, a total of 3.95M shares exchanged hands compared with its average trading volume of 2.84M shares whereas its relative volume is 1.18. The stock has a market capitalization of $1.79B along with 200.58M outstanding shares. Stock’s intraday price range hit the peak level of $8.76 and touched the lowest level of $8.43.
Most recently Synergy Resources Corp (NYSEMKT:SYRG)’s price target was revised on 2/08/17 and according to 21 analysts stock’s price will reach at $10.67 during 52 weeks with standard deviation of 1.87. Stock’s minimum price target estimates has been figured out at $6.51 while the maximum price target forecast is established at $15, if we look at the price target with an optimistic approach it has upside potential of 65% from its latest closing price of $8.70.
Historically, if we look at price target revisions, two weeks ago Synergy Resources Corp (NYSEMKT:SYRG)’s price target was revised on 1/23/17 by the analysts, however the bullish price estimates of the stock set at $14 while the bearish estimates kept at $6 over the next one year. Stock’s 52-week target was retained at $10.31, the estimates indicates a standard deviation of 1.86.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.31. ABR value is precisely based on brokerage recommendations, where out of 16 brokerage recommendations 13 rate Synergy Resources Corp (NYSEMKT:SYRG) stock a Strong Buy, 1 rate the stocks of the company a Buy, 2 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 1/4/17 the stock of Synergy Resources Corp (NYSEMKT:SYRG) downgraded by Citigroup from Buy to Neutral. However previously on 12/9/16 it was downgraded by Seaport Global Securities from Buy to Accumulate. A research note issued on 11/28/16 the stock was downgraded by KLR Group from Buy to Accumulate.
Synergy Resources Corp (NYSEMKT:SYRG) performance over the past one year soared 47.21% whereas its year to date (YTD) performance indicated a bearish trend of -2.36%. During the last six months the stock climbed 23.23%. Quarterly performance of the company shows optimistic momentum of 6.62% while its last one month trend is positive with 0.46%. Stock’s weekly performance expressed down trend of -1.25%.
The company’s price sits -3.09% below from its 50-day moving average of $8.74 and 17.68% far from the stock’s 200-day moving average which is $7.84. Synergy Resources Corp (NYSEMKT:SYRG)’s shares are currently trading -16.18% away from the 52-week high price of $10.38 and +62.92% far from the 52-week low price of $5.34.
According to consensus agreement of 22 analysts Synergy Resources Corp (NYSEMKT:SYRG) will report earnings per share of $0.02 in their quarterly report and it is expected to announce the company’s results on 2/23/17 Before Market Open. For the current quarter the company has high EPS estimates of $0.07 in contradiction of low EPS estimates of $-0.01. However a year ago for the same quarter the company has reported $-0.03 EPS. Current year EPS projections for Synergy Resources Corp (NYSEMKT:SYRG) set at $-0.02 according to the sentiments of 14 analysts, while its lowest earnings estimates are $-0.07 and highest earnings estimates are $0.05.
According to 19 analysts, Synergy Resources Corp (NYSEMKT:SYRG)’s revenue estimates for the current quarter are $35.68M meanwhile the company has high revenue estimates of $39M in contradiction of low revenue estimates of $29.41M. For the current year the company’s revenue estimates are $104.89M compared to low analyst estimates of $99.2M and high estimates of $110M according to the projection of 16 analysts.