Brokerages expect SRC Energy Inc (NYSEAMERICAN:SRCI) to report $0.22 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for SRC Energy’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.13. SRC Energy reported earnings of $0.03 per share during the same quarter last year, which indicates a positive year over year growth rate of 633.3%. The business is scheduled to report its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that SRC Energy will report full-year earnings of $0.66 per share for the current fiscal year, with EPS estimates ranging from $0.51 to $0.79. For the next fiscal year, analysts forecast that the business will report earnings of $0.82 per share, with EPS estimates ranging from $0.40 to $1.41. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for SRC Energy.

A number of analysts have recently weighed in on SRCI shares. BMO Capital Markets set a $10.00 target price on shares of SRC Energy and gave the stock a “hold” rating in a research report on Tuesday. BidaskClub downgraded shares of SRC Energy from a “hold” rating to a “sell” rating in a research report on Tuesday. Imperial Capital reaffirmed an “outperform” rating and issued a $13.00 target price (up from $11.00) on shares of SRC Energy in a research report on Monday. Robert W. Baird reduced their target price on shares of SRC Energy from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Finally, Zacks Investment Research downgraded shares of SRC Energy from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $11.88.

Shares of SRC Energy (NYSEAMERICAN SRCI) traded up $0.18 during midday trading on Monday, reaching $8.06. 3,275,303 shares of the company’s stock traded hands, compared to its average volume of 2,991,657. SRC Energy has a 1-year low of $6.19 and a 1-year high of $10.38.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake 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 worth $164,648,000 after acquiring an additional 395,846 shares during the period. JPMorgan Chase & Co. raised its stake in SRC Energy by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,864,084 shares of the oil and natural gas company’s stock worth $113,776,000 after acquiring an additional 129,611 shares during the period. Vanguard Group Inc. raised its stake in SRC Energy by 5.4% during 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 acquiring an additional 558,923 shares during the period. Dimensional Fund Advisors LP raised its stake in SRC Energy by 18.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 10,659,732 shares of the oil and natural gas company’s stock worth $103,079,000 after acquiring an additional 1,690,467 shares during the period. Finally, Victory Capital Management Inc. raised its stake in SRC Energy by 1.9% during the 3rd quarter. Victory Capital Management Inc. now owns 10,546,990 shares of the oil and natural gas company’s stock worth $101,989,000 after acquiring an additional 197,540 shares during the period.

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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