Imperial Capital Continues To Be Impressed By Synergy Resources Corp

In a report published Friday, Imperial Capital analyst Kim Pacanovsky reiterated an Outperform rating and $16.00 price target on

. In the report, Imperial Capital noted, “We are maintaining our Outperform rating and our one-year price target of $16 on SYRG shares, about 47% above the recent share price. On 10/14–10/15/14 in Houston, Texas, we met with investors as well as Craig Rasmussan, COO, and Jon Krulkaj, VP Capital Markets and Investor Relations. Following the meetings, we continue to be impressed with Synergy's cost structure, its leasehold position in the Wattenberg core, and potential upside for the extension area and Nebraska.” Synergy Resources Corp closed on Thursday at $10.89.