Fisher Asset Management LLC Has $16.12 Million Stake in SRC Energy Inc (SRCI)

Fisher Asset Management LLC reduced its position in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,812,707 shares of the oil and natural gas company’s stock after selling 62,767 shares during the period. Fisher Asset Management LLC owned 0.75% of SRC Energy worth $16,115,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Allen Capital Group LLC purchased a new stake in shares of SRC Energy during the third quarter worth about $144,000. Bank of Montreal Can boosted its holdings in shares of SRC Energy by 16.1% during the third quarter. Bank of Montreal Can now owns 789,444 shares of the oil and natural gas company’s stock worth $7,017,000 after purchasing an additional 109,506 shares during the period. Gradient Investments LLC boosted its holdings in shares of SRC Energy by 186.3% during the third quarter. Gradient Investments LLC now owns 161,283 shares of the oil and natural gas company’s stock worth $1,434,000 after purchasing an additional 104,944 shares during the period. Northern Trust Corp boosted its holdings in shares of SRC Energy by 10.2% during the second quarter. Northern Trust Corp now owns 5,856,747 shares of the oil and natural gas company’s stock worth $64,542,000 after purchasing an additional 540,417 shares during the period. Finally, Ashburton Jersey Ltd boosted its holdings in shares of SRC Energy by 37.7% during the second quarter. Ashburton Jersey Ltd now owns 94,890 shares of the oil and natural gas company’s stock worth $1,046,000 after purchasing an additional 26,000 shares during the period.

Shares of SRCI opened at $7.19 on Monday. SRC Energy Inc has a twelve month low of $7.02 and a twelve month high of $13.32.



SRC Energy (NYSEAMERICAN:SRCI) last issued its earnings results on Wednesday, August 1st. The oil and natural gas company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. SRC Energy had a net margin of 36.53% and a return on equity of 18.08%. The company had revenue of $147.09 million for the quarter, compared to analysts’ expectations of $144.87 million.

In other SRC Energy news, CFO James P. Henderson purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were acquired at an average price of $9.26 per share, for a total transaction of $92,600.00. Following the purchase, the chief financial officer now directly owns 252,412 shares of the company’s stock, valued at approximately $2,337,335.12. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Lynn A. Peterson purchased 20,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were acquired at an average price of $9.26 per share, for a total transaction of $185,200.00. Following the purchase, the chief executive officer now directly owns 626,591 shares in the company, valued at $5,802,232.66. The disclosure for this purchase can be found here.

A number of research firms recently issued reports on SRCI. Zacks Investment Research raised shares of SRC Energy from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Friday, July 13th. Roth Capital raised shares of SRC Energy from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Thursday, October 18th. Robert W. Baird downgraded shares of SRC Energy from an “outperform” rating to a “hold” rating and set a $10.00 price target for the company. in a research note on Tuesday, August 14th. KLR Group reissued a “buy” rating and issued a $15.00 price target on shares of SRC Energy in a research note on Monday, August 20th. Finally, Jefferies Financial Group set a $15.00 price target on shares of SRC Energy and gave the stock a “buy” rating in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. SRC Energy presently has an average rating of “Buy” and an average price target of $12.66.

SRC Energy Company 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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Institutional Ownership by Quarter for SRC Energy (NYSEAMERICAN:SRCI)

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