SRC Energy (NYSEAMERICAN:SRCI) Trading Down 2.6%

SRC Energy Inc (NYSEAMERICAN:SRCI)’s stock price traded down 2.6% on Wednesday . The company traded as low as $5.30 and last traded at $5.23, 106,197 shares were traded during trading. A decline of 98% from the average session volume of 4,794,595 shares. The stock had previously closed at $5.37.

A number of equities research analysts recently weighed in on the stock. Capital One Financial raised shares of SRC Energy from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, August 27th. Alliance Global Partners downgraded shares of SRC Energy to a “hold” rating in a research report on Monday, August 26th. Pivotal Research assumed coverage on shares of SRC Energy in a research report on Wednesday, May 29th. They set a “buy” rating and a $37.29 price objective for the company. KeyCorp began coverage on shares of SRC Energy in a research report on Tuesday, May 28th. They set an “overweight” rating and a $7.00 price objective for the company. Finally, Raymond James restated a “strong-buy” rating and issued a $6.00 target price (down previously from $7.00) on shares of SRC Energy in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $10.69.

SRC Energy (NYSEAMERICAN:SRCI) last posted its earnings results on Wednesday, July 31st. The oil and natural gas company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $162.60 million during the quarter, compared to the consensus estimate of $179.12 million.



Several institutional investors have recently bought and sold shares of SRCI. Strs Ohio bought a new position in shares of SRC Energy in the second quarter valued at approximately $43,000. SRS Capital Advisors Inc. bought a new position in shares of SRC Energy in the second quarter valued at approximately $49,000. Denali Advisors LLC bought a new position in shares of SRC Energy in the second quarter valued at approximately $53,000. GAM Holding AG bought a new position in shares of SRC Energy in the second quarter valued at approximately $54,000. Finally, Ellington Management Group LLC bought a new position in shares of SRC Energy in the second quarter valued at approximately $57,000.

SRC Energy Company Profile (NYSEAMERICAN:SRCI)

SRC Energy Inc, an 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, 2018, it had net proved oil and natural gas reserves of 88 million barrels of oil and condensate, 771.9 billion cubic feet of natural gas, and 89.1 million barrels of natural gas liquids; and operated 985 net producing wells, as well as had 95,200 gross and 86,200 net acres under lease in the Wattenberg Field.

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