SRC Energy Inc (SRCI) Receives Consensus Recommendation of “Buy” from Brokerages

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.

How to Become a New Pot Stock Millionaire

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.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CoreCommodity Management LLC raised its holdings in SRC Energy by 18.9% in the 4th quarter. CoreCommodity Management LLC now owns 41,635 shares of the oil and natural gas company’s stock worth $355,000 after acquiring an additional 6,607 shares during the period. Amalgamated Bank grew its position in SRC Energy by 24.5% in the 4th quarter. Amalgamated Bank now owns 33,727 shares of the oil and natural gas company’s stock worth $288,000 after purchasing an additional 6,643 shares during the last quarter. M&T Bank Corp grew its position in SRC Energy by 18.4% in the 4th quarter. M&T Bank Corp now owns 48,764 shares of the oil and natural gas company’s stock worth $416,000 after purchasing an additional 7,568 shares during the last quarter. Rhumbline Advisers grew its position in SRC Energy by 2.0% in the 3rd quarter. Rhumbline Advisers now owns 408,559 shares of the oil and natural gas company’s stock worth $3,951,000 after purchasing an additional 7,920 shares during the last quarter. Finally, State of Tennessee Treasury Department grew its position in SRC Energy by 4.6% in the 4th quarter. State of Tennessee Treasury Department now owns 186,027 shares of the oil and natural gas company’s stock worth $1,587,000 after purchasing an additional 8,139 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: “SRC Energy Inc (SRCI) Receives Consensus Recommendation of “Buy” from Brokerages” was published by WKRB News and is the sole property of of WKRB News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://www.wkrb13.com/2018/04/01/src-energy-inc-srci-receives-consensus-recommendation-of-buy-from-brokerages.html.

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.

Analyst Recommendations for SRC Energy (NYSEAMERICAN:SRCI)

Receive News & Ratings for SRC Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SRC Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply