Roth Capital Maintains Buy On Synergy Resources Shares, $19 PT
Roth Capital analyst Joe Reagor maintained a Buy rating on Synergy Resources (NYSE MKT:SYRG) with a price target of $19.00.
Reagor said, “Management is clearly focused on maintaining growth and may take advantage of the low oil price environment to grow through acquisitions, in our opinion. We continue to believe SYRG has significant growth potential over the coming quarters and we are maintaining our Buy rating and $19 price target.”
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 -14.8% and a 12.1% success rate. Reagor has a -7.7% average return when recommending SYRG, and is ranked #3311 out of 3350 analysts.