In a research report released Friday, Roth Capital analyst Joe Reagor maintained a Buy rating on Synergy Resources (NYSE:SYRG) with a price target of $18.00, as the company is scheduled to release its fiscal Q1 2015 earnings on January 8, 2015.
Reagor noted, “We believe the company is poised to report significant growth on a quarter over quarter basis and believe SYRG is uniquely positioned as a low cost producer to sustain its growth initiatives in the face of low oil prices.”
The analyst added, “We believe our previous estimates for Q1 2015 and beyond accurately represent SYRG’s growth initiatives. Thus, we made no changes to our forecasts and we are maintaining our Buy rating.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Joe Reagor has a total average return of -8.4% and a 33.9% success rate. Reagor has a 8.5% average return when recommending SYRG, and is ranked #3313 out of 3425 analysts.