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

Separately, Ifs Securities upgraded shares of SRC Energy from an outperform rating to a strong-buy rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $9.00.

Synergy Resources stock opened at $4.31 on Thursday. The company has a 50 day moving average of $4.76. Synergy Resources has a 12-month low of $4.01 and a 12-month high of $12.03.

Synergy Resources (NASDAQ:SRCI) last issued its earnings results on Wednesday, May 1st. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. The business had revenue of $189.46 million for the quarter, compared to the consensus estimate of $178.20 million.

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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