Shares of SRC Energy Inc (NYSEAMERICAN:SRCI) have earned an average rating of “Hold” from the nineteen research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $12.82.

A number of research analysts recently issued reports on the company. KLR Group restated a “buy” rating and set a $15.00 price objective on shares of SRC Energy in a research report on Monday, August 20th. Robert W. Baird lowered SRC Energy from an “outperform” rating to a “hold” rating and set a $10.00 price objective for the company. in a research report on Tuesday, August 14th. Jefferies Financial Group set a $15.00 price objective on SRC Energy and gave the company a “buy” rating in a research report on Friday, August 3rd. Seaport Global Securities reaffirmed a “neutral” rating on shares of SRC Energy in a research note on Tuesday, July 24th. Finally, Zacks Investment Research downgraded SRC Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th.

NYSEAMERICAN:SRCI opened at $8.92 on Friday. SRC Energy has a 12-month low of $7.76 and a 12-month high of $13.32.

SRC Energy (NYSEAMERICAN:SRCI) last released its quarterly earnings data on Wednesday, August 1st. The oil and natural gas company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. SRC Energy had a return on equity of 18.08% and a net margin of 36.53%. The business had revenue of $147.09 million during the quarter, compared to analyst estimates of $144.87 million.

In other news, CFO James P. Henderson acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were bought at an average price of $9.26 per share, with a total value of $92,600.00. Following the purchase, the chief financial officer now owns 252,412 shares of the company’s stock, valued at $2,337,335.12. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lynn A. Peterson acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was purchased at an average cost of $9.26 per share, for a total transaction of $185,200.00. Following the purchase, the chief executive officer now directly owns 626,591 shares in the company, valued at approximately $5,802,232.66. The disclosure for this purchase can be found here.

Institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in shares of SRC Energy by 4.1% during the first quarter. Wells Fargo & Company MN now owns 813,827 shares of the oil and natural gas company’s stock worth $7,675,000 after purchasing an additional 32,345 shares during the period. Prudential Financial Inc. raised its position in shares of SRC Energy by 2.5% during the first quarter. Prudential Financial Inc. now owns 406,550 shares of the oil and natural gas company’s stock worth $3,834,000 after purchasing an additional 9,880 shares during the period. Swiss National Bank raised its position in shares of SRC Energy by 3.2% during the first quarter. Swiss National Bank now owns 410,628 shares of the oil and natural gas company’s stock worth $3,872,000 after purchasing an additional 12,900 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of SRC Energy by 6.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,188,687 shares of the oil and natural gas company’s stock worth $11,210,000 after purchasing an additional 69,924 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of SRC Energy by 10.8% during the first quarter. Thrivent Financial for Lutherans now owns 162,676 shares of the oil and natural gas company’s stock worth $1,534,000 after purchasing an additional 15,815 shares during the period.

About SRC Energy

SRC Energy Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Denver-Julesburg Basin of Colorado. As of December 31, 2017, it had net proved oil and natural gas reserves of 69.4 million barrels of oil and condensate, 559.9 billion cubic feet of natural gas, and 64.0 million barrels of natural gas liquids; and operated 551 net producing wells, as well as had 98,600 gross and 88,300 net acres under lease in the Wattenberg Field.

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Analyst Recommendations for SRC Energy (NYSEAMERICAN:SRCI)

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