Synergy Resources Corp (SYRG) Shares Bought by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. raised its position in Synergy Resources Corp (NASDAQ:SYRG) by 57.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,065,400 shares of the company’s stock after buying an additional 389,300 shares during the period. Nikko Asset Management Americas Inc. owned about 0.53% of Synergy Resources Corp worth $7,373,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. BlackRock Fund Advisors boosted its stake in Synergy Resources Corp by 68.7% in the second quarter. BlackRock Fund Advisors now owns 12,165,933 shares of the company’s stock worth $81,025,000 after buying an additional 4,953,998 shares during the period. Alliancebernstein L.P. boosted its stake in Synergy Resources Corp by 57.7% in the second quarter. Alliancebernstein L.P. now owns 12,030,783 shares of the company’s stock worth $80,125,000 after buying an additional 4,399,699 shares during the period. Vanguard Group Inc. boosted its stake in Synergy Resources Corp by 93.9% in the second quarter. Vanguard Group Inc. now owns 9,044,518 shares of the company’s stock worth $60,236,000 after buying an additional 4,379,664 shares during the period. State Street Corp boosted its stake in Synergy Resources Corp by 79.0% in the second quarter. State Street Corp now owns 6,823,663 shares of the company’s stock worth $45,441,000 after buying an additional 3,011,606 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Synergy Resources Corp by 61.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,002,659 shares of the company’s stock worth $33,318,000 after buying an additional 1,899,714 shares during the period.

Institutional Ownership by Quarter for Synergy Resources Corp (NASDAQ:SYRG)

Shares of Synergy Resources Corp (NASDAQ:SYRG) traded up 0.46% on Wednesday, reaching $8.83. 745,745 shares of the company traded hands. The firm’s market capitalization is $1.77 billion. The stock has a 50-day moving average price of $9.18 and a 200 day moving average price of $7.42. Synergy Resources Corp has a 1-year low of $5.01 and a 1-year high of $10.38.

Synergy Resources Corp (NASDAQ:SYRG) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The business earned $26.20 million during the quarter, compared to the consensus estimate of $26.70 million. During the same quarter in the previous year, the business posted $0.05 earnings per share. The firm’s revenue was down 21.6% on a year-over-year basis. Analysts anticipate that Synergy Resources Corp will post ($0.05) EPS for the current fiscal year.

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A number of research firms recently commented on SYRG. BMO Capital Markets reaffirmed a “hold” rating and issued a $10.00 price target on shares of Synergy Resources Corp in a report on Wednesday. Zacks Investment Research cut shares of Synergy Resources Corp from a “buy” rating to a “hold” rating in a report on Thursday, January 5th. Citigroup Inc. cut shares of Synergy Resources Corp from a “buy” rating to a “neutral” rating in a report on Wednesday, January 4th. RBC Capital Markets reissued a “buy” rating and set a $12.00 target price on shares of Synergy Resources Corp in a report on Tuesday, January 3rd. Finally, Seaport Global Securities cut shares of Synergy Resources Corp from a “buy” rating to an “accumulate” rating in a report on Friday, December 9th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $9.54.

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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