SRC Energy (SRCI) Trading Down 0.8%
SRC Energy Inc (NYSEAMERICAN:SRCI) shares fell 0.8% during mid-day trading on Monday . The stock traded as low as $5.05 and last traded at $5.04. 57,109 shares were traded during mid-day trading, a decline of 99% from the average session volume of 3,938,866 shares. The stock had previously closed at $5.08.
Several research firms have recently issued reports on SRCI. Zacks Investment Research upgraded shares of SRC Energy from a “strong sell” rating to a “hold” rating in a report on Saturday, January 26th. BMO Capital Markets decreased their price objective on shares of SRC Energy to $7.00 and set a “market perform” rating for the company in a report on Thursday, February 7th. 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. 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. Finally, TheStreet upgraded shares of SRC Energy from a “d+” rating to a “c” rating in a report on Wednesday, March 6th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $10.80.
SRC Energy (NYSEAMERICAN:SRCI) last released its earnings results on Wednesday, February 20th. The oil and natural gas company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. The business had revenue of $190.34 million for the quarter, compared to analyst estimates of $186.18 million.
About SRC Energy (NYSEAMERICAN:SRCI)
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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