SRC Energy Inc (NASDAQ:SRCI)‘s stock had its “buy” rating reiterated by investment analysts at Roth Capital in a note issued to investors on Monday. They currently have a $11.00 price objective on the oil and natural gas company’s stock. Roth Capital’s price objective would suggest a potential upside of 14.35% from the stock’s previous close.

A number of other research analysts have also recently commented on SRCI. BMO Capital Markets set a $9.00 target price on SRC Energy and gave the company a “hold” rating in a research note on Sunday, August 13th. Robert W. Baird reiterated a “buy” rating and issued a $12.00 price target on shares of SRC Energy in a report on Friday, September 1st. Scotiabank set a $10.00 price target on SRC Energy and gave the stock a “buy” rating in a research note on Saturday, July 1st. Citigroup Inc. raised their price target on SRC Energy from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. Finally, Zacks Investment Research upgraded SRC Energy from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Thursday, July 20th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $11.32.

SRC Energy (NASDAQ SRCI) traded up 1.77% during trading on Monday, hitting $9.79. 2,670,488 shares of the company traded hands. The company’s 50 day moving average is $7.96 and its 200-day moving average is $7.58. SRC Energy has a 52 week low of $6.19 and a 52 week high of $10.38. The stock has a market capitalization of $1.97 billion and a PE ratio of 57.93.

SRC Energy (NASDAQ:SRCI) last issued its quarterly earnings results on Thursday, August 3rd. The oil and natural gas company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. SRC Energy had a net margin of 37.23% and a return on equity of 12.75%. The company had revenue of $75.04 million for the quarter, compared to the consensus estimate of $68.08 million. Analysts predict that SRC Energy will post $0.60 earnings per share for the current year.

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Large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in SRC Energy by 1.6% during the 2nd quarter. BlackRock Inc. now owns 24,464,771 shares of the oil and natural gas company’s stock valued at $164,648,000 after purchasing an additional 395,846 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SRC Energy by 13.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,734,473 shares of the oil and natural gas company’s stock worth $78,972,000 after buying an additional 1,420,495 shares during the period. Vanguard Group Inc. lifted its holdings in shares of SRC Energy by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 10,901,745 shares of the oil and natural gas company’s stock worth $73,369,000 after buying an additional 558,923 shares during the period. Fine Capital Partners L.P. lifted its holdings in shares of SRC Energy by 21.5% in the 2nd quarter. Fine Capital Partners L.P. now owns 10,234,909 shares of the oil and natural gas company’s stock worth $68,881,000 after buying an additional 1,813,361 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in shares of SRC Energy in the 1st quarter worth $77,595,000.

About SRC Energy

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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