SRC Energy Inc (SRCI) Given Consensus Rating of “Buy” by Analysts

Shares of SRC Energy Inc (NYSEAMERICAN:SRCI) have been assigned an average rating of “Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $10.80.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded SRC Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 26th. Robert W. Baird set a $8.00 price objective on SRC Energy and gave the stock a “buy” rating in a research report on Thursday, April 4th. Cowen assumed coverage on SRC Energy in a research report on Tuesday, April 9th. They set an “outperform” rating and a $8.00 price objective on the stock. TheStreet upgraded SRC Energy from a “d+” rating to a “c” rating in a research report on Wednesday, March 6th. Finally, Raymond James set a $8.00 target price on SRC Energy and gave the company a “buy” rating in a research report on Wednesday, January 23rd.

Shares of NYSEAMERICAN:SRCI traded up $0.06 during trading on Thursday, reaching $6.41. The stock had a trading volume of 3,182,600 shares, compared to its average volume of 3,863,600. SRC Energy has a 1-year low of $4.01 and a 1-year 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 (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.30. The firm had revenue of $190.34 million during the quarter, compared to analyst estimates of $186.18 million.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SRCI. First Citizens Bank & Trust Co. boosted its position in shares of SRC Energy by 87.3% during the 1st quarter. First Citizens Bank & Trust Co. now owns 24,335 shares of the oil and natural gas company’s stock worth $125,000 after acquiring an additional 11,342 shares in the last quarter. 6 Meridian acquired a new position in shares of SRC Energy during the 1st quarter worth about $204,000. Geode Capital Management LLC boosted its position in shares of SRC Energy by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 2,495,123 shares of the oil and natural gas company’s stock worth $11,727,000 after acquiring an additional 93,958 shares in the last quarter. Norges Bank acquired a new position in shares of SRC Energy during the 4th quarter worth about $11,130,000. Finally, Ashburton Jersey Ltd acquired a new position in shares of SRC Energy during the 4th quarter worth about $1,046,000.

SRC Energy Company Profile

SRC Energy Inc, an 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, 2018, it had net proved oil and natural gas reserves of 88 million barrels of oil and condensate, 771.9 billion cubic feet of natural gas, and 89.1 million barrels of natural gas liquids; and operated 985 net producing wells, as well as had 95,200 gross and 86,200 net acres under lease in the Wattenberg Field.

Further Reading: Sell-Side Analysts

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.