SRC Energy (SRCI) PT Lowered to $9.50 at Citigroup
SRC Energy (NYSEAMERICAN:SRCI) had its price target lowered by research analysts at Citigroup from $10.00 to $9.50 in a report released on Tuesday. The firm presently has a “neutral” rating on the oil and natural gas company’s stock. Citigroup’s price objective suggests a potential upside of 6.74% from the stock’s current price.
A number of other equities analysts also recently weighed in on SRCI. Credit Suisse Group raised SRC Energy from an “underperform” rating to a “neutral” rating and set a $8.00 price target for the company in a research report on Wednesday, January 31st. Imperial Capital reissued an “outperform” rating and issued a $16.00 price objective (up previously from $14.00) on shares of SRC Energy in a report on Thursday, February 1st. Robert W. Baird cut their price objective on SRC Energy from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Friday, November 10th. Zacks Investment Research raised SRC Energy from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Saturday, October 28th. Finally, BidaskClub downgraded SRC Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. SRC Energy presently has a consensus rating of “Buy” and an average target price of $12.13.
SRC Energy (NYSEAMERICAN:SRCI) opened at $8.90 on Tuesday. SRC Energy has a 12-month low of $6.19 and a 12-month high of $10.44. The firm has a market capitalization of $2,110.00, a P/E ratio of 18.54 and a beta of 1.57.
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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