Synergy Resources (SYRG) PT Raised to $17 at KLR Group

KLR Group analyst John Gerdes reiterated a Buy rating and boosted his price target on Synergy Resources Corporation (NYSE: SYRG) to $17.00 (from $15.00)

Gerdes commented, "We are increasing our target price $2 to $17 per share due to a higher oil price realization. Our FY1Q/16 production expectation of ~12.5 Mboepd approximates the company’s FY’15 year-end anticipated production capacity (12-13 Mboepd). Our FY’16 production growth expectation of ~60% exceeds company guidance of 50%+."

For an analyst ratings summary and ratings history on Synergy Resources Corporation click here. For more ratings news on Synergy Resources Corporation click here.

Shares of Synergy Resources Corporation closed at $10.75 yesterday.

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