Last $12.97 USD
Change Today -0.04 / -0.31%
Volume 575.2K
SYRG On Other Exchanges
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

synergy resources corp (SYRG) Snapshot

Open
$12.94
Previous Close
$13.01
Day High
$13.09
Day Low
$12.31
52 Week High
06/25/14 - $14.11
52 Week Low
10/15/14 - $8.05
Market Cap
1.1B
Average Volume 10 Days
2.1M
EPS TTM
$0.35
Shares Outstanding
84.9M
EX-Date
--
P/E TM
37.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for SYNERGY RESOURCES CORP (SYRG)

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synergy resources corp (SYRG) Details

Synergy Resources Corporation engages in the acquisition, development, exploitation, exploration, and production of oil and natural gas properties primarily located in the Denver-Julesburg Basin in northeast Colorado. It holds interests in the Wattenberg field covering approximately 31,000 net developed and undeveloped acres located in Colorado; and Northern Extension area covering approximately 26,000 undeveloped acres. The company also has mineral assets in Yuma and Washington Counties, Colorado. Synergy Resources Corporation is headquartered in Platteville, Colorado.

29 Employees
Last Reported Date: 10/30/14

synergy resources corp (SYRG) Top Compensated Officers

Co-Chief Executive Officer, President and Dir...
Total Annual Compensation: $530.0K
Co-Chief Executive Officer, Treasurer and Dir...
Total Annual Compensation: $530.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $180.0K
Compensation as of Fiscal Year 2013.

synergy resources corp (SYRG) Key Developments

Synergy Resources Corporation Presents at Capital One Southcoast 2014 Energy Conference, Dec-11-2014 03:40 PM

Synergy Resources Corporation Presents at Capital One Southcoast 2014 Energy Conference, Dec-11-2014 03:40 PM. Venue: Omni Royal Orleans Hotel, 621 St. Louis St, New Olreans, Louisiana, United States.

Synergy Resources Corporation Enters into Commitment Letter with Suntrust Bank and Suntrust Robinson Humphry, Inc. with Respect to its Revolving Line of Credit Facility

On October 29, 2014, Synergy Resources Corporation entered into a commitment letter with Suntrust Bank and Suntrust Robinson Humphry Inc. with respect to its revolving line of credit facility. Pursuant to the terms of the commitment letter, Suntrust will arrange a syndicate of banks or financial institutions to make available to the company a line of credit, which the company can borrow against from time to time, equal to the lesser of the Borrowing Base or $500,000,000. The Borrowing Base can increase or decrease based upon the value of the collateral which will secure any amounts borrowed under the line of credit. For the most part, the value of the collateral will be derived from the estimated future cash flow of the company's proved oil and gas reserves, discounted by 10%. The initial Borrowing Base will be $230,000,000. The interest rate on outstanding borrowings will be based upon a pricing grid which escalates with utilization and establishes a minimum rate of 2.5%. Any amounts borrowed from the banking syndicate will be used to fund the acquisition of the oil and gas properties described below, to develop oil and gas properties, acquire new oil and gas properties, and for working capital and other general corporate purposes. The new credit line will be subject to the negotiation and execution of mutually acceptable and definitive loan documentation which will contain conditions, representations and warranties, financial covenants, covenants, and events of default that are customary for transactions of this type and which are expected to be similar to those in the Company's existing revolving credit agreement. The company's existing line of credit, which expires on May 29, 2019, will remain in place until the new line of credit is available.

Synergy Resources Corporation - Special Call

To discuss an amendment to its credit agreement and the planned acquisition of oil and gas properties in the Denver Julesberg Basin

 

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SYRG

Industry Average

Valuation SYRG Industry Range
Price/Earnings 34.1x
Price/Sales 9.4x
Price/Book 3.5x
Price/Cash Flow 16.2x
TEV/Sales 8.9x
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