Elk Creek Partners LLC Has $7.41 Million Position in SRC Energy Inc (SRCI)

Elk Creek Partners LLC trimmed its stake in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 833,574 shares of the oil and natural gas company’s stock after selling 68,270 shares during the period. Elk Creek Partners LLC’s holdings in SRC Energy were worth $7,410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Piedmont Investment Advisors LLC grew its holdings in SRC Energy by 9.1% during the second quarter. Piedmont Investment Advisors LLC now owns 56,404 shares of the oil and natural gas company’s stock worth $622,000 after acquiring an additional 4,726 shares during the period. Nisa Investment Advisors LLC boosted its position in SRC Energy by 12.6% during the second quarter. Nisa Investment Advisors LLC now owns 43,825 shares of the oil and natural gas company’s stock worth $483,000 after purchasing an additional 4,900 shares in the last quarter. Lowe Brockenbrough & Co. Inc. boosted its position in SRC Energy by 13.9% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 41,000 shares of the oil and natural gas company’s stock worth $452,000 after purchasing an additional 5,000 shares in the last quarter. Amalgamated Bank boosted its position in SRC Energy by 15.1% during the second quarter. Amalgamated Bank now owns 39,145 shares of the oil and natural gas company’s stock worth $431,000 after purchasing an additional 5,144 shares in the last quarter. Finally, Alps Advisors Inc. boosted its position in SRC Energy by 12.0% during the second quarter. Alps Advisors Inc. now owns 58,520 shares of the oil and natural gas company’s stock worth $499,000 after purchasing an additional 6,262 shares in the last quarter.

A number of equities analysts have issued reports on SRCI shares. Jefferies Financial Group set a $15.00 price target on SRC Energy and gave the stock a “buy” rating in a research report on Friday, August 3rd. Robert W. Baird downgraded SRC Energy from an “outperform” rating to a “hold” rating and set a $10.00 price target on the stock. in a research report on Tuesday, August 14th. KLR Group reiterated a “buy” rating and set a $15.00 price target on shares of SRC Energy in a research report on Monday, August 20th. Roth Capital upgraded SRC Energy from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, October 18th. Finally, Zacks Investment Research upgraded SRC Energy from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research report on Thursday, October 25th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $12.85.

In other news, EVP Nicholas Spence bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were acquired at an average price of $7.57 per share, for a total transaction of $75,700.00. Following the completion of the transaction, the executive vice president now directly owns 145,492 shares in the company, valued at approximately $1,101,374.44. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

NYSEAMERICAN SRCI opened at $5.92 on Friday. SRC Energy Inc has a 1-year low of $5.99 and a 1-year high of $13.32.

SRC Energy (NYSEAMERICAN:SRCI) last released its earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $160.98 million during the quarter, compared to analysts’ expectations of $155.20 million.

WARNING: “Elk Creek Partners LLC Has $7.41 Million Position in SRC Energy Inc (SRCI)” was originally posted by WKRB News and is owned by of WKRB News. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://www.wkrb13.com/2018/11/24/elk-creek-partners-llc-has-7-41-million-position-in-src-energy-inc-srci.html.

SRC Energy Profile

SRC Energy Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Denver-Julesburg Basin of Colorado. As of December 31, 2017, it had net proved oil and natural gas reserves of 69.4 million barrels of oil and condensate, 559.9 billion cubic feet of natural gas, and 64.0 million barrels of natural gas liquids; and operated 551 net producing wells, as well as had 98,600 gross and 88,300 net acres under lease in the Wattenberg Field.

Featured Story: Balanced Fund

Want to see what other hedge funds are holding SRCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SRC Energy Inc (NYSEAMERICAN:SRCI).

Institutional Ownership by Quarter 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