Schroder Investment Management Group Has $11.74 Million Position in SRC Energy Inc (SRCI)
Schroder Investment Management Group cut its holdings in SRC Energy Inc (NASDAQ:SRCI) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,814,366 shares of the oil and natural gas company’s stock after selling 1,208 shares during the quarter. Schroder Investment Management Group owned 0.90% of SRC Energy worth $11,739,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of SRCI. Commerce Bank purchased a new stake in shares of SRC Energy in the first quarter valued at approximately $101,000. UBS Group AG purchased a new stake in shares of SRC Energy in the first quarter valued at approximately $101,000. Piedmont Investment Advisors LLC purchased a new stake in shares of SRC Energy in the first quarter valued at approximately $101,000. Teacher Retirement System of Texas boosted its stake in shares of SRC Energy by 3.3% in the second quarter. Teacher Retirement System of Texas now owns 15,503 shares of the oil and natural gas company’s stock valued at $104,000 after buying an additional 502 shares in the last quarter. Finally, Flinton Capital Management LLC purchased a new stake in shares of SRC Energy in the first quarter valued at approximately $105,000.
A number of analysts recently weighed in on SRCI shares. Robert W. Baird restated a “buy” rating and issued a $12.00 price target on shares of SRC Energy in a research note on Friday, September 1st. Zacks Investment Research upgraded SRC Energy from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research note on Thursday, July 20th. Stifel Nicolaus restated a “buy” rating and issued a $10.00 price target on shares of SRC Energy in a research note on Friday, July 14th. Scotiabank set a $10.00 price target on SRC Energy and gave the company a “buy” rating in a research note on Saturday, July 1st. Finally, Roth Capital set a $11.00 price target on SRC Energy and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. SRC Energy currently has a consensus rating of “Buy” and a consensus price target of $11.40.
Shares of SRC Energy Inc (NASDAQ SRCI) opened at 8.05 on Friday. The firm’s 50-day moving average price is $7.96 and its 200-day moving average price is $7.58. SRC Energy Inc has a 52-week low of $5.87 and a 52-week high of $10.38. The stock has a market capitalization of $1.62 billion and a P/E ratio of 47.63.
SRC Energy (NASDAQ:SRCI) last issued its quarterly earnings results on Thursday, August 3rd. The oil and natural gas company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. SRC Energy had a return on equity of 12.75% and a net margin of 37.23%. The company had revenue of $75.04 million for the quarter, compared to analysts’ expectations of $68.08 million. Equities analysts forecast that SRC Energy Inc will post $0.60 earnings per share for the current fiscal year.
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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