Roth Capital maintained a Buy rating on Synergy Resources Corporation (NYSE: SYRG), and cut the price target to $15.00 (from $18.00), following the company's 4Q15 earnings results. Q4 revenue of $32.6 million was below consensus' $36.04 million estimate mainly due to lower than anticipated oil and gas price realizations. SYRG reported an EPS loss of $0.05 per share compared to consensus estimate of a $0.01 profit.

Analyst Joe Reagor commented, "On October 15, 2015, SYRG provided its financial results for fiscal 2015 and guidance for 2016. 2016 guidance suggests the company is hunkering down in the face of continued oil price weakness, in our view, but we believe this is the right decision in the long run. However, lower than anticipated capital expenditure guidance for fiscal 2016 negatively impacted our NAV model and as such we are cutting our price target from $18 to $15, while maintaining a Buy rating."

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Shares of Synergy Resources Corporation closed at $11.35 yesterday.