CoreCommodity Management LLC Has $720,000 Stake in SRC Energy Inc (SRCI)
CoreCommodity Management LLC lifted its position in SRC Energy Inc (NYSEAMERICAN:SRCI) by 8.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 153,094 shares of the oil and natural gas company’s stock after buying an additional 11,938 shares during the period. CoreCommodity Management LLC owned approximately 0.06% of SRC Energy worth $720,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of SRCI. Legal & General Group Plc boosted its stake in SRC Energy by 7.5% in the 3rd quarter. Legal & General Group Plc now owns 567,457 shares of the oil and natural gas company’s stock worth $5,025,000 after purchasing an additional 39,802 shares in the last quarter. Morgan Stanley grew its holdings in shares of SRC Energy by 3.0% during the third quarter. Morgan Stanley now owns 1,333,079 shares of the oil and natural gas company’s stock worth $11,851,000 after buying an additional 39,210 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of SRC Energy during the third quarter worth $5,177,000. Peregrine Capital Management LLC grew its holdings in shares of SRC Energy by 126.8% during the fourth quarter. Peregrine Capital Management LLC now owns 1,117,791 shares of the oil and natural gas company’s stock worth $5,254,000 after buying an additional 625,012 shares in the last quarter. Finally, Credit Suisse AG grew its holdings in shares of SRC Energy by 23.8% during the third quarter. Credit Suisse AG now owns 295,366 shares of the oil and natural gas company’s stock worth $2,627,000 after buying an additional 56,758 shares in the last quarter.
NYSEAMERICAN SRCI opened at $4.93 on Friday. SRC Energy Inc has a 12 month low of $4.01 and a 12 month high of $13.32.
A number of brokerages recently issued reports on SRCI. Zacks Investment Research raised shares of SRC Energy from a “strong sell” rating to a “hold” rating in a report on Saturday, January 26th. TheStreet raised shares of SRC Energy from a “d+” rating to a “c” rating in a report on Wednesday, March 6th. Robert W. Baird set a $5.00 price objective on shares of SRC Energy and gave the company a “buy” rating in a report on Friday, February 8th. JPMorgan Chase & Co. lowered shares of SRC Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $9.00 to $6.00 in a report on Friday, December 7th. Finally, Raymond James set a $8.00 price objective on shares of SRC Energy and gave the company a “buy” rating in a report on Wednesday, January 23rd. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. SRC Energy presently has an average rating of “Buy” and a consensus price target of $11.06.
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SRC Energy 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.
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