SRC Energy Inc (NYSEAMERICAN:SRCI) – Investment analysts at Imperial Capital decreased their FY2019 EPS estimates for SRC Energy in a research note issued to investors on Thursday, February 7th. Imperial Capital analyst I. Haas now anticipates that the oil and natural gas company will earn $0.84 per share for the year, down from their prior estimate of $0.91. Imperial Capital currently has a “Outperform” rating and a $14.00 price objective on the stock. Imperial Capital also issued estimates for SRC Energy’s FY2020 earnings at $1.25 EPS.
Several other brokerages have also recently commented on SRCI. Robert W. Baird upgraded shares of SRC Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $10.00 to $12.00 in a research note on Monday, October 15th. Roth Capital upgraded shares of SRC Energy from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, October 18th. Zacks Investment Research upgraded shares of SRC Energy from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research note on Thursday, October 25th. JPMorgan Chase & Co. cut shares of SRC Energy from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $9.00 to $6.00 in a research note on Friday, December 7th. Finally, TheStreet cut shares of SRC Energy from a “c-” rating to a “d+” rating in a research note on Friday, December 14th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. SRC Energy presently has an average rating of “Buy” and a consensus price target of $10.94.
Shares of NYSEAMERICAN:SRCI opened at $4.17 on Monday. SRC Energy has a fifty-two week low of $4.01 and a fifty-two week high of $13.32.
Institutional investors have recently added to or reduced their stakes in the stock. AlphaCrest Capital Management LLC purchased a new stake in SRC Energy in the fourth quarter valued at approximately $55,000. First Citizens Bank & Trust Co. purchased a new stake in SRC Energy during the fourth quarter worth approximately $61,000. Virtu Financial LLC purchased a new stake in SRC Energy during the fourth quarter worth approximately $69,000. Oregon Public Employees Retirement Fund purchased a new stake in SRC Energy during the fourth quarter worth approximately $92,000. Finally, Allen Capital Group LLC grew its stake in SRC Energy by 17.5% during the fourth quarter. Allen Capital Group LLC now owns 18,970 shares of the oil and natural gas company’s stock worth $96,000 after buying an additional 2,825 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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