KeyCorp reaffirmed their buy rating on shares of SRC Energy Inc (NASDAQ:SRCI) in a research report report published on Tuesday morning. The brokerage currently has a $10.00 price target on the oil and natural gas company’s stock.

Other equities analysts also recently issued reports about the stock. Scotiabank set a $10.00 target price on shares of SRC Energy and gave the stock a buy rating in a research report on Saturday, July 1st. Seaport Global Securities downgraded shares of SRC Energy from a buy rating to a neutral rating and lowered their target price for the stock from $10.00 to $5.00 in a research report on Wednesday, June 21st. BMO Capital Markets reissued a hold rating and set a $9.00 target price on shares of SRC Energy in a research report on Wednesday, June 21st. Citigroup Inc. increased their target price on shares of SRC Energy from $8.00 to $8.50 and gave the stock a neutral rating in a research report on Tuesday, August 15th. Finally, Zacks Investment Research downgraded shares of SRC Energy from a buy rating to a hold rating in a research report on Friday, July 21st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $11.29.

Shares of SRC Energy (NASDAQ:SRCI) opened at 8.18 on Tuesday. The stock has a 50 day moving average price of $7.96 and a 200 day moving average price of $7.58. The stock has a market cap of $1.64 billion and a P/E ratio of 48.40. SRC Energy has a 12 month low of $5.87 and a 12 month high of $10.38.

SRC Energy (NASDAQ:SRCI) last posted its earnings results on Thursday, August 3rd. The oil and natural gas company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The firm had revenue of $75.04 million for the quarter, compared to the consensus estimate of $68.08 million. SRC Energy had a net margin of 37.23% and a return on equity of 12.75%. Equities analysts anticipate that SRC Energy will post $0.60 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of SRCI. BlackRock Inc. acquired a new stake in shares of SRC Energy in the first quarter valued at about $203,143,000. Alliancebernstein L.P. acquired a new stake in shares of SRC Energy in the first quarter valued at about $116,804,000. Vanguard Group Inc. acquired a new stake in shares of SRC Energy in the first quarter valued at about $87,294,000. JPMorgan Chase & Co. acquired a new stake in shares of SRC Energy in the first quarter valued at about $87,050,000. Finally, Wellington Management Group LLP acquired a new stake in shares of SRC Energy in the first quarter valued at about $77,595,000.

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.

Analyst Recommendations for SRC Energy (NASDAQ:SRCI)

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