Metropolitan Life Insurance Co. NY increased its position in shares of Synergy Resources Corp (NYSEMKT:SRCI) by 0.6% during the fourth quarter, Holdings Channel reports. The fund owned 132,703 shares of the company’s stock after buying an additional 738 shares during the period. Metropolitan Life Insurance Co. NY owned about 0.07% of Synergy Resources Corp worth $1,182,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Pinnacle Associates Ltd. acquired a new stake in Synergy Resources Corp during the fourth quarter worth $116,000. Capstone Investment Advisors LLC acquired a new stake in Synergy Resources Corp during the fourth quarter worth $126,000. First Interstate Bank acquired a new stake in Synergy Resources Corp during the fourth quarter worth $139,000. CSS LLC IL increased its stake in Synergy Resources Corp by 50.0% in the third quarter. CSS LLC IL now owns 21,000 shares of the company’s stock worth $146,000 after buying an additional 7,000 shares in the last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in Synergy Resources Corp during the third quarter worth $191,000.
Synergy Resources Corp (NYSEMKT:SRCI) opened at 7.61 on Friday. The firm’s 50-day moving average is $8.17 and its 200 day moving average is $8.04. Synergy Resources Corp has a 1-year low of $5.34 and a 1-year high of $10.38. The company’s market cap is $1.53 billion.
Synergy Resources Corp (NYSEMKT:SRCI) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The firm had revenue of $38.70 million for the quarter, compared to analysts’ expectations of $30.88 million. The business’s quarterly revenue was up 52.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) EPS. Analysts predict that Synergy Resources Corp will post $0.31 earnings per share for the current fiscal year.
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A number of research firms have recently weighed in on SRCI. Seaport Global Securities downgraded shares of Synergy Resources Corp from a “buy” rating to an “accumulate” rating in a research report on Friday, December 9th. Citigroup Inc downgraded shares of Synergy Resources Corp from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 4th. KLR Group downgraded shares of Synergy Resources Corp from a “buy” rating to an “accumulate” rating in a research report on Monday, November 28th. Canaccord Genuity set a $8.00 target price on shares of Synergy Resources Corp and gave the stock a “hold” rating in a research report on Thursday, January 12th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $10.00 target price on shares of Synergy Resources Corp in a research report on Wednesday, January 11th. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $10.04.
Synergy Resources Corp Company Profile
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.
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