SRC Energy Inc (NYSEAMERICAN:SRCI) has been given an average recommendation of “Buy” by the twenty-two ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $11.85.
Several analysts recently issued reports on the company. Piper Jaffray Companies reiterated a “buy” rating and set a $14.00 price objective on shares of SRC Energy in a report on Tuesday, January 9th. Royal Bank of Canada lowered SRC Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, January 5th. Robert W. Baird cut their price objective on SRC Energy from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Monday, December 18th. Credit Suisse Group assumed coverage on shares of SRC Energy in a research report on Monday, December 11th. They set an “underperform” rating and a $8.00 target price on the stock. Finally, BMO Capital Markets set a $10.00 target price on shares of SRC Energy and gave the stock a “hold” rating in a research report on Tuesday, November 14th.
Several large investors have recently modified their holdings of the company. Legal & General Group Plc lifted its stake in shares of SRC Energy by 19.3% in the second quarter. Legal & General Group Plc now owns 393,557 shares of the oil and natural gas company’s stock valued at $2,646,000 after buying an additional 63,610 shares during the period. Principal Financial Group Inc. lifted its stake in shares of SRC Energy by 0.3% in the second quarter. Principal Financial Group Inc. now owns 1,552,481 shares of the oil and natural gas company’s stock valued at $10,448,000 after buying an additional 4,354 shares during the period. Franklin Resources Inc. lifted its stake in shares of SRC Energy by 2.9% in the second quarter. Franklin Resources Inc. now owns 4,520,835 shares of the oil and natural gas company’s stock valued at $30,425,000 after buying an additional 127,658 shares during the period. Wells Fargo & Company MN lifted its stake in shares of SRC Energy by 1.1% in the second quarter. Wells Fargo & Company MN now owns 683,976 shares of the oil and natural gas company’s stock valued at $4,604,000 after buying an additional 7,775 shares during the period. Finally, Riverhead Capital Management LLC lifted its stake in shares of SRC Energy by 80.4% in the second quarter. Riverhead Capital Management LLC now owns 22,013 shares of the oil and natural gas company’s stock valued at $148,000 after buying an additional 9,813 shares during the period.
SRC Energy (NYSEAMERICAN:SRCI) last announced its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. SRC Energy had a return on equity of 19.16% and a net margin of 42.33%. The business had revenue of $103.59 million during the quarter, compared to analyst estimates of $99.64 million.
ILLEGAL ACTIVITY NOTICE: “SRC Energy Inc (SRCI) Receives Average Recommendation of “Buy” from Analysts” was first published by BBNS and is owned by of BBNS. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://baseballnewssource.com/markets/src-energy-inc-srci-receives-average-recommendation-of-buy-from-analysts/1838454.html.
About SRC Energy
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.
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 our FREE daily email newsletter.