SRC Energy Inc (SRCI) Upgraded by BidaskClub to Hold
SRC Energy Inc (NYSEMKT:SRCI) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.
Separately, Seaport Global Securities downgraded SRC Energy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $10.00 to $5.00 in a research report on Wednesday, June 21st. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $10.09.
Shares of SRC Energy (NYSEMKT:SRCI) traded up 1.27% on Wednesday, hitting $8.00. The company had a trading volume of 3,024,789 shares. The firm has a 50 day moving average of $7.90 and a 200-day moving average of $7.60. SRC Energy has a 12-month low of $5.87 and a 12-month high of $10.38. The firm has a market capitalization of $1.61 billion and a P/E ratio of 47.34.
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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.
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