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

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

Shares of SRCI stock opened at $4.31 on Thursday. Synergy Resources has a one year low of $4.01 and a one year high of $12.03. The stock’s 50-day moving average is $4.76.

Synergy Resources (NASDAQ:SRCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The company 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.

Recommended Story: Why do earnings reports matter?

Receive News & Ratings for Synergy Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synergy Resources and related companies with's FREE daily email newsletter.