November 15, 2016 - By Richard Conner · 0 Comments
The stock of Synergy Resources Corporation (NYSEMKT:SYRG) registered an increase of 20.86% in short interest. SYRG’s total short interest was 37.02 million shares in November as published by FINRA. Its up 20.86% from 30.63 million shares, reported previously. With 4.35M shares average volume, it will take short sellers 9 days to cover their SYRG’s short positions. The short interest to Synergy Resources Corporation’s float is 26.02%. About 4.42 million shares traded hands. Synergy Resources Corp (NYSEMKT:SYRG) has risen 7.29% since April 13, 2016 and is uptrending. It has outperformed by 3.36% the S&P500.
Synergy Resources Corporation is an independent oil and natural gas company. The company has a market cap of $1.71 billion. The Firm is engaged in the acquisition, development and production of natural gas and crude oil in and around the Denver-Julesburg Basin of Colorado. It currently has negative earnings. The D-J Basin generally extends from the Denver metropolitan area throughout northeast Colorado into Wyoming, Nebraska, and Kansas.
Insitutional Activity: The institutional sentiment increased to 3.44 in 2016 Q2. Its up 1.53, from 1.91 in 2016Q1. The ratio increased, as 19 funds sold all Synergy Resources Corp shares owned while 24 reduced positions. 45 funds bought stakes while 103 increased positions. They now own 375.70 million shares or 221.48% more from 116.87 million shares in 2016Q1.
Legal General Group Incorporated Public Limited Co owns 27,569 shares or 0% of their US portfolio. Pittenger And Anderson Incorporated accumulated 0.01% or 18,500 shares. Tudor Investment Corporation Et Al, a Connecticut-based fund reported 54,700 shares. Consolidated Inv Group Incorporated Limited Liability Corp holds 347,484 shares or 1.17% of its portfolio. Netols Asset Mngmt Inc holds 908,364 shares or 1.37% of its portfolio. Credit Agricole S A holds 0.01% of its portfolio in Synergy Resources Corp (NYSEMKT:SYRG) for 380,000 shares. Keybank Association Oh has invested 0.01% of its portfolio in Synergy Resources Corp (NYSEMKT:SYRG). Great West Life Assurance Can last reported 24,100 shares in the company. Ameritas Partners, a Nebraska-based fund reported 14,305 shares. Css Ltd Liability Co Il accumulated 14,000 shares or 0.01% of the stock. Segall Bryant & Hamill Ltd Llc, a Illinois-based fund reported 660,486 shares. Moreover, Westwood Gru has 0.1% invested in Synergy Resources Corp (NYSEMKT:SYRG) for 1.65 million shares. Emerald Advisers Incorporated Pa holds 0.36% of its portfolio in Synergy Resources Corp (NYSEMKT:SYRG) for 1.12 million shares. Ameriprise accumulated 0.01% or 1.88M shares. Metropolitan Life Insur Co Ny has 0.01% invested in the company for 136,008 shares.
Insider Transactions: Since May 19, 2016, the stock had 6 insider purchases, and 0 sales for $802,476 net activity. Noffsinger Robert W III sold $291,000 worth of stock. On Thursday, October 6 the insider Peterson Lynn A bought $294,426. Osborn Cathleen M also bought $12,020 worth of Synergy Resources Corp (NYSEMKT:SYRG) on Tuesday, September 20. 50,000 Synergy Resources Corp (NYSEMKT:SYRG) shares with value of $297,500 were bought by Henderson James P. Kelly Daniel E had bought 15,000 shares worth $97,350 on Wednesday, October 5. Eberhard Michael bought $91,650 worth of Synergy Resources Corp (NYSEMKT:SYRG) on Tuesday, September 20. $9,530 worth of shares were bought by Spence Nicholas on Tuesday, July 5.
Out of 16 analysts covering Synergy Resources (NYSEMKT:SYRG), 15 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 94% are positive. Synergy Resources has been the topic of 30 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, January 11 by Wunderlich. As per Wednesday, January 13, the company rating was upgraded by KLR Group. As per Monday, October 19, the company rating was maintained by Wunderlich. The stock of Synergy Resources Corp (NYSEMKT:SYRG) has “Market Perform” rating given on Tuesday, September 8 by Cowen & Co. Seaport Global upgraded the shares of SYRG in a report on Tuesday, June 7 to “Buy” rating. The company was initiated on Thursday, June 23 by Simmons & Co. Roth Capital maintained the shares of SYRG in a report on Monday, October 19 with “Buy” rating. The rating was maintained by TH Capital with “Buy” on Monday, August 24. The stock of Synergy Resources Corp (NYSEMKT:SYRG) earned “Buy” rating by Cantor Fitzgerald on Friday, May 27. The firm has “Buy” rating given on Monday, October 19 by TH Capital.
Synergy Resources Corporation, incorporated on May 11, 2005, is an independent oil and natural gas company. The Firm is engaged in the acquisition, development and production of natural gas and crude oil 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 Firm is focused on the horizontal development of the Codell and Niobrara formations.
Another recent and important Synergy Resources Corp (NYSEMKT:SYRG) news was published by Reuters.com which published an article titled: “BRIEF-Synergy Resources Corp appoints Deloitte as auditor” on June 14, 2016.
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By Richard Conner