Synergy Resources Reports Fiscal First Quarter 2016 Results

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Roth Capital Cuts Price Target on Synergy Resources (SYRG) to $13 Following 1Q Results

January 11, 2016 7:21 AM EST

Roth Capital maintained a Buy rating on Synergy Resources Corporation (NYSE: SYRG), and cut the price target to $13.00 (from $14.00), following the company's 1Q16 earnings report. Synergy reported revenue of $26.1 million, which was below Roth's estimate of $28.7 million, mainly due to lower than anticipated production levels.... More