SRC Energy Inc (NYSEAMERICAN:SRCI) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 36,719,402 shares, an increase of 0.1% from the November 15th total of 36,671,421 shares. Currently, 15.4% of the shares of the stock are short sold. Based on an average daily volume of 2,714,914 shares, the days-to-cover ratio is currently 13.5 days.

A number of institutional investors have recently added to or reduced their stakes in SRCI. Ameriprise Financial Inc. raised its stake in SRC Energy by 135.5% during the third quarter. Ameriprise Financial Inc. now owns 4,270,736 shares of the oil and natural gas company’s stock valued at $41,300,000 after purchasing an additional 2,457,602 shares in the last quarter. Fine Capital Partners L.P. raised its stake in SRC Energy by 21.5% during the second quarter. Fine Capital Partners L.P. now owns 10,234,909 shares of the oil and natural gas company’s stock valued at $68,881,000 after purchasing an additional 1,813,361 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in SRC Energy by 18.8% during the third quarter. Dimensional Fund Advisors LP now owns 10,659,732 shares of the oil and natural gas company’s stock valued at $103,079,000 after purchasing an additional 1,690,467 shares in the last quarter. JPMorgan Chase & Co. raised its stake in SRC Energy by 13.8% during the second quarter. JPMorgan Chase & Co. now owns 11,734,473 shares of the oil and natural gas company’s stock valued at $78,972,000 after purchasing an additional 1,420,495 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its stake in SRC Energy by 70.9% during the second quarter. Westwood Holdings Group Inc. now owns 2,931,999 shares of the oil and natural gas company’s stock valued at $19,732,000 after purchasing an additional 1,216,866 shares in the last quarter.

SRC Energy (NYSEAMERICAN:SRCI) opened at $8.24 on Thursday. SRC Energy has a 12-month low of $6.19 and a 12-month high of $10.22.

A number of equities analysts have weighed in on SRCI shares. Roth Capital reiterated a “buy” rating and issued a $11.00 price target on shares of SRC Energy in a research report on Monday, October 2nd. BidaskClub upgraded shares of SRC Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Imperial Capital restated an “outperform” rating and set a $13.00 target price (up previously from $11.00) on shares of SRC Energy in a research report on Monday, November 13th. 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, October 10th. Finally, Stephens restated an “overweight” rating and set a $12.00 target price (up previously from $11.00) on shares of SRC Energy in a research report on Saturday, September 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $11.78.

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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.

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