Synergy Resources Gets a Hold Rating from BMO Capital

By Ryan Adsit

In a report released today, Dan McSpirit from BMO Capital reiterated a Hold rating on Synergy Resources (NYSE: SRCI), with a price target of $10. The company’s shares opened today at $8.24.

According to TipRanks.com, McSpirit is a 3-star analyst with an average return of 1.3% and a 47.4% success rate. McSpirit covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Sanchez Energy Corporation, and Jagged Peak Energy Inc.

Synergy Resources has an analyst consensus of Strong Buy, with a price target consensus of $11.86.

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SRC Energy, Inc. engages in the acquisition, development, and production of oil and natural gas. Its core operations is in the Denver-Julesburg Basin, which encompasses Colorado, Wyoming, Kansas, and Nebraska. The company was founded on May 11, 2005 and is headquartered in Denver, CO.