Los Angeles Capital Management & Equity Research Inc. Has $302,000 Holdings in SRC Energy Inc (SRCI)

Los Angeles Capital Management & Equity Research Inc. raised its position in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) by 248.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 64,248 shares of the oil and natural gas company’s stock after buying an additional 45,831 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in SRC Energy were worth $302,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Eagle Asset Management Inc. lifted its position in shares of SRC Energy by 0.5% during the fourth quarter. Eagle Asset Management Inc. now owns 489,594 shares of the oil and natural gas company’s stock valued at $2,301,000 after buying an additional 2,589 shares during the last quarter. Allen Capital Group LLC lifted its position in shares of SRC Energy by 17.5% during the fourth quarter. Allen Capital Group LLC now owns 18,970 shares of the oil and natural gas company’s stock valued at $96,000 after buying an additional 2,825 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of SRC Energy by 15.8% during the fourth quarter. Private Advisor Group LLC now owns 22,445 shares of the oil and natural gas company’s stock valued at $105,000 after acquiring an additional 3,068 shares in the last quarter. Bowling Portfolio Management LLC increased its holdings in shares of SRC Energy by 2.6% during the fourth quarter. Bowling Portfolio Management LLC now owns 124,310 shares of the oil and natural gas company’s stock valued at $584,000 after acquiring an additional 3,177 shares in the last quarter. Finally, Gradient Investments LLC increased its holdings in shares of SRC Energy by 2.8% during the fourth quarter. Gradient Investments LLC now owns 165,770 shares of the oil and natural gas company’s stock valued at $779,000 after acquiring an additional 4,487 shares in the last quarter.

Shares of NYSEAMERICAN:SRCI opened at $4.93 on Friday. SRC Energy Inc has a twelve month low of $4.01 and a twelve month high of $13.32.

SRC Energy (NYSEAMERICAN:SRCI) last issued its quarterly earnings results on Wednesday, February 20th. The oil and natural gas company reported $0.30 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $190.34 million during the quarter, compared to analyst estimates of $186.18 million.

SRCI has been the topic of several recent analyst reports. TheStreet downgraded shares of SRC Energy from a “c-” rating to a “d+” rating in a report on Friday, December 14th. Zacks Investment Research upgraded shares of SRC Energy from a “strong sell” rating to a “hold” rating in a report on Saturday, January 26th. JPMorgan Chase & Co. downgraded shares of SRC Energy from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $9.00 to $6.00 in a report on Friday, December 7th. BMO Capital Markets cut their price objective on shares of SRC Energy to $7.00 and set a “market perform” rating on the stock in a report on Thursday, February 7th. Finally, Raymond James set a $8.00 price objective on shares of SRC Energy and gave the company a “buy” rating in a report on Wednesday, January 23rd. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. SRC Energy currently has a consensus rating of “Buy” and an average target price of $10.80.

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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.

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Institutional Ownership by Quarter for SRC Energy (NYSEAMERICAN:SRCI)

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