SRC Energy Inc (SRCI) Given a $10.00 Price Target at Stifel Nicolaus
SRC Energy Inc (NASDAQ:SRCI) received a $10.00 price target from equities research analysts at Stifel Nicolaus in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the oil and natural gas company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 4.60% from the stock’s current price.
Several other research analysts have also commented on SRCI. Scotiabank set a $10.00 price objective on SRC Energy and gave the stock a “buy” rating in a report on Saturday, July 1st. Roth Capital restated a “buy” rating and issued a $11.00 target price on shares of SRC Energy in a research report on Monday. Royal Bank Of Canada restated a “buy” rating and issued a $13.00 target price on shares of SRC Energy in a research report on Thursday. BMO Capital Markets set a $9.00 target price on SRC Energy and gave the stock a “hold” rating in a research report on Sunday, August 13th. Finally, Stephens restated an “overweight” rating and issued a $12.00 target price (up previously from $11.00) on shares of SRC Energy in a research report on Saturday, September 30th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $11.42.
SRC Energy (NASDAQ:SRCI) traded down 2.144% on Thursday, hitting $9.355. 1,118,152 shares of the stock were exchanged. The firm has a market cap of $1.88 billion and a PE ratio of 55.355. The company has a 50-day moving average price of $7.96 and a 200-day moving average price of $7.58. SRC Energy has a 52-week low of $6.19 and a 52-week high of $10.38.
SRC Energy (NASDAQ:SRCI) last issued its quarterly earnings data on Thursday, August 3rd. The oil and natural gas company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. SRC Energy had a return on equity of 12.75% and a net margin of 37.23%. The company had revenue of $75.04 million during the quarter, compared to analyst estimates of $68.08 million. On average, equities research analysts anticipate that SRC Energy will post $0.60 EPS for the current fiscal year.
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Several institutional investors have recently made changes to their positions in SRCI. BlackRock Inc. bought a new position in shares of SRC Energy during the first quarter valued at approximately $203,143,000. Victory Capital Management Inc. bought a new position in shares of SRC Energy during the first quarter valued at approximately $120,737,000. Alliancebernstein L.P. bought a new position in shares of SRC Energy during the first quarter valued at approximately $116,804,000. Vanguard Group Inc. bought a new position in shares of SRC Energy during the first quarter valued at approximately $87,294,000. Finally, JPMorgan Chase & Co. bought a new position in shares of SRC Energy during the first quarter valued at approximately $87,050,000.
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.
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