Synergy Resources (NASDAQ:SRCI) Upgraded by BidaskClub to Sell

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BidaskClub upgraded shares of Synergy Resources (NASDAQ:SRCI) from a strong sell rating to a sell rating in a research report released on Wednesday morning, BidAskClub reports.

A number of other research firms have also commented on SRCI. Capital One Financial raised Synergy Resources from an equal weight rating to an overweight rating in a report on Tuesday, August 27th. Roth Capital lowered Synergy Resources from a buy rating to a neutral rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Synergy Resources has a consensus rating of Buy and a consensus price target of $9.00.

Shares of SRCI traded down $0.05 on Wednesday, reaching $3.98. The stock had a trading volume of 4,641,500 shares, compared to its average volume of 4,663,794. The company has a 50-day simple moving average of $3.95 and a 200-day simple moving average of $4.63. Synergy Resources has a 12-month low of $3.07 and a 12-month high of $7.65.

Synergy Resources Company Profile

SRC Energy Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Denver-Julesburg Basin of Colorado. As of December 31, 2017, it had net proved oil and natural gas reserves of 69.4 million barrels of oil and condensate, 559.9 billion cubic feet of natural gas, and 64.0 million barrels of natural gas liquids; and operated 551 net producing wells, as well as had 98,600 gross and 88,300 net acres under lease in the Wattenberg Field.

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