Shares of SRC Energy Inc (NYSEAMERICAN:SRCI) have been assigned an average rating of “Buy” from the fifteen research firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $13.23.

A number of research firms have weighed in on SRCI. Roth Capital raised SRC Energy from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Thursday, October 18th. Zacks Investment Research raised SRC Energy from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research note on Thursday, October 25th. KLR Group reissued a “buy” rating and set a $15.00 price objective on shares of SRC Energy in a research note on Monday, August 20th. Finally, Robert W. Baird lowered SRC Energy from an “outperform” rating to a “hold” rating and set a $10.00 price objective on the stock. in a research note on Tuesday, August 14th.

Shares of NYSEAMERICAN:SRCI opened at $5.18 on Friday. SRC Energy has a 1 year low of $5.06 and a 1 year high of $13.32.

SRC Energy (NYSEAMERICAN:SRCI) last issued its quarterly earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. The firm had revenue of $160.98 million during the quarter, compared to analyst estimates of $155.20 million.

In other news, EVP Nicholas Spence acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were purchased at an average price of $7.57 per share, for a total transaction of $75,700.00. Following the acquisition, the executive vice president now owns 145,492 shares of the company’s stock, valued at $1,101,374.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Several hedge funds have recently bought and sold shares of the stock. Aperio Group LLC increased its holdings in SRC Energy by 19.0% during the 2nd quarter. Aperio Group LLC now owns 96,363 shares of the oil and natural gas company’s stock worth $1,062,000 after purchasing an additional 15,364 shares during the period. Alps Advisors Inc. boosted its position in shares of SRC Energy by 12.0% during the 2nd quarter. Alps Advisors Inc. now owns 58,520 shares of the oil and natural gas company’s stock worth $499,000 after acquiring an additional 6,262 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of SRC Energy by 18.9% during the 2nd quarter. Wells Fargo & Company MN now owns 967,467 shares of the oil and natural gas company’s stock worth $10,662,000 after acquiring an additional 153,640 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of SRC Energy during the 2nd quarter worth about $5,365,000. Finally, Pitcairn Co. acquired a new position in shares of SRC Energy during the 2nd quarter worth about $230,000.

SRC Energy Company Profile

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.

Further Reading: How Do I Invest in Dividend Stocks

Analyst Recommendations for SRC Energy (NYSEAMERICAN:SRCI)

Receive News & Ratings for SRC Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SRC Energy and related companies with MarketBeat.com's FREE daily email newsletter.