SRC Energy (NYSEAMERICAN:SRCI) Downgraded to Sell at BidaskClub

BidaskClub downgraded shares of SRC Energy (NYSEAMERICAN:SRCI) from a hold rating to a sell rating in a research report sent to investors on Tuesday, November 14th.

Several other brokerages also recently weighed in on SRCI. Stephens reaffirmed an overweight rating and set a $12.00 price target (up from $11.00) on shares of SRC Energy in a research report on Saturday, September 30th. Imperial Capital reissued an outperform rating on shares of SRC Energy in a research note on Thursday, September 28th. Roth Capital reissued a buy rating and set a $11.00 target price on shares of SRC Energy in a research note on Monday, October 2nd. Stifel Nicolaus set a $10.00 target price on shares of SRC Energy and gave the stock a buy rating in a research note on Thursday, October 5th. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $13.00 price target on shares of SRC Energy in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the stock. SRC Energy has a consensus rating of Buy and a consensus price target of $11.88.

Shares of SRC Energy (SRCI) traded up $0.35 on Tuesday, reaching $9.11. The company’s stock had a trading volume of 3,390,000 shares, compared to its average volume of 4,620,000. SRC Energy has a 12 month low of $6.19 and a 12 month high of $10.38.

Large investors have recently bought and sold shares of the business. UBS Group AG acquired a new position in shares of SRC Energy in the first quarter worth $101,000. Teacher Retirement System of Texas lifted its position in shares of SRC Energy by 3.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 15,503 shares of the oil and natural gas company’s stock worth $104,000 after purchasing an additional 502 shares during the last quarter. Carnick & Kubik Group LLC purchased a new stake in shares of SRC Energy during the 3rd quarter worth $106,000. Cubist Systematic Strategies LLC purchased a new stake in shares of SRC Energy during the 3rd quarter worth $109,000. Finally, OppenheimerFunds Inc. purchased a new stake in shares of SRC Energy during the 1st quarter worth $118,000.

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SRC Energy Company Profile

SRC Energy Inc, formerly Synergy Resources Corporation, is an independent oil and natural gas company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in and around the Denver-Julesburg Basin (D-J Basin) of Colorado. The D-J Basin generally extends from the Denver metropolitan area throughout northeast Colorado into Wyoming, Nebraska, and Kansas.

Analyst Recommendations for SRC Energy (NYSEAMERICAN:SRCI)

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