SRC Energy Inc (SRCI) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. increased its position in SRC Energy Inc (NYSEAMERICAN:SRCI) by 0.7% during the third quarter, HoldingsChannel.com reports. The firm owned 9,818,331 shares of the oil and natural gas company’s stock after buying an additional 65,853 shares during the quarter. Alliancebernstein L.P.’s holdings in SRC Energy were worth $87,285,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Keybank National Association OH raised its holdings in shares of SRC Energy by 25.8% in the 3rd quarter. Keybank National Association OH now owns 188,345 shares of the oil and natural gas company’s stock valued at $1,674,000 after purchasing an additional 38,625 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in SRC Energy by 31.3% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 138,172 shares of the oil and natural gas company’s stock valued at $1,228,000 after acquiring an additional 32,905 shares during the period. Campbell & CO Investment Adviser LLC raised its holdings in SRC Energy by 70.3% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 37,758 shares of the oil and natural gas company’s stock valued at $336,000 after acquiring an additional 15,592 shares during the period. LSV Asset Management raised its holdings in SRC Energy by 11.4% in the 3rd quarter. LSV Asset Management now owns 5,945,957 shares of the oil and natural gas company’s stock valued at $52,859,000 after acquiring an additional 607,600 shares during the period. Finally, Private Advisor Group LLC bought a new position in SRC Energy in the 3rd quarter valued at about $172,000.

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

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

SRC Energy stock opened at $5.92 on Friday. SRC Energy Inc has a twelve month low of $5.99 and a twelve month high of $13.32.

SRC Energy (NYSEAMERICAN:SRCI) last announced its earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. The business had revenue of $160.98 million for the quarter, compared to analyst estimates of $155.20 million.

TRADEMARK VIOLATION WARNING: This piece of content was reported by WKRB News and is the property of of WKRB News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.wkrb13.com/2018/11/24/src-energy-inc-srci-shares-bought-by-alliancebernstein-l-p.html.

About SRC Energy

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.

Further Reading: What do investors mean by earnings per share?

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