Integrated Investment Consultants LLC Trims Stock Position in SRC Energy Inc (NYSEAMERICAN:SRCI)

Integrated Investment Consultants LLC lowered its holdings in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) by 91.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 21,984 shares of the oil and natural gas company’s stock after selling 241,875 shares during the quarter. Integrated Investment Consultants LLC’s holdings in SRC Energy were worth $102,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strs Ohio purchased a new stake in shares of SRC Energy during the 2nd quarter valued at about $43,000. SRS Capital Advisors Inc. bought a new position in shares of SRC Energy during the 2nd quarter valued at approximately $49,000. Denali Advisors LLC bought a new position in shares of SRC Energy during the 2nd quarter valued at approximately $53,000. GAM Holding AG bought a new position in shares of SRC Energy during the 2nd quarter valued at approximately $54,000. Finally, Ellington Management Group LLC bought a new position in shares of SRC Energy during the 2nd quarter valued at approximately $57,000.

A number of research analysts recently issued reports on SRCI shares. KeyCorp cut their price objective on SRC Energy from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Zacks Investment Research upgraded SRC Energy from a “sell” rating to a “hold” rating in a research note on Friday. Capital One Financial upgraded SRC Energy from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, August 27th. Alliance Global Partners downgraded SRC Energy to a “hold” rating in a research note on Monday, August 26th. Finally, Raymond James restated a “strong-buy” rating and issued a $6.00 price target (down from $7.00) on shares of SRC Energy in a research note on Friday, August 2nd. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $10.39.

Shares of SRCI traded up $0.04 during mid-day trading on Tuesday, hitting $3.38. 52,567 shares of the stock were exchanged, compared to its average volume of 4,666,496. SRC Energy Inc has a 52-week low of $3.17 and a 52-week high of $8.83.

SRC Energy (NYSEAMERICAN:SRCI) last issued its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. The firm had revenue of $162.60 million for the quarter, compared to analysts’ expectations of $179.12 million.

SRC Energy Company Profile

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

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