SRC Energy Inc (NYSEAMERICAN:SRCI) has been assigned an average recommendation of “Buy” from the twenty analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $12.63.
SRCI has been the subject of a number of research reports. Piper Jaffray reissued a “buy” rating and set a $14.00 target price on shares of SRC Energy in a research note on Tuesday, January 9th. Stifel Nicolaus set a $13.00 price target on shares of SRC Energy and gave the company a “buy” rating in a report on Wednesday. Jefferies Group set a $13.00 price target on shares of SRC Energy and gave the company a “buy” rating in a report on Monday, March 19th. Stephens restated a “buy” rating and set a $14.00 price target on shares of SRC Energy in a report on Thursday, March 15th. Finally, Zacks Investment Research downgraded shares of SRC Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 21st.
Shares of NYSEAMERICAN:SRCI opened at $9.43 on Friday. SRC Energy has a 12-month low of $6.19 and a 12-month high of $10.44.
SRC Energy Company Profile
SRC Energy Inc, formerly Synergy Resources Corporation, is an independent oil and natural gas company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in and around the Denver-Julesburg Basin (D-J Basin) of Colorado. The D-J Basin generally extends from the Denver metropolitan area throughout northeast Colorado into Wyoming, Nebraska, and Kansas.
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