SRC Energy Inc (NASDAQ:SRCI)‘s stock had its “buy” rating reissued by equities research analysts at SunTrust Banks, Inc. in a report released on Friday. They presently have a $12.00 price objective on the oil and natural gas company’s stock. SunTrust Banks, Inc.’s target price would suggest a potential upside of 32.74% from the company’s current price.

Other analysts have also issued research reports about the company. Royal Bank Of Canada reissued a “buy” rating and issued a $13.00 target price on shares of SRC Energy in a report on Thursday, October 5th. Roth Capital reissued a “buy” rating and issued a $11.00 target price on shares of SRC Energy in a report on Monday, October 2nd. KeyCorp reissued a “buy” rating and issued a $10.00 target price on shares of SRC Energy in a report on Tuesday, September 19th. Robert W. Baird reaffirmed a “buy” rating and issued a $12.00 price objective on shares of SRC Energy in a report on Friday, September 1st. Finally, Zacks Investment Research raised SRC Energy from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Thursday, July 20th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. SRC Energy has an average rating of “Buy” and an average target price of $11.97.

SRC Energy (NASDAQ SRCI) remained flat at $9.04 during midday trading on Friday. The stock had a trading volume of 3,564,282 shares. The company has a market capitalization of $1.82 billion and a PE ratio of 53.49. SRC Energy has a 12 month low of $6.19 and a 12 month high of $10.38. The firm’s 50-day moving average is $8.91 and its 200 day moving average is $7.83.

SRC Energy (NASDAQ:SRCI) last posted its earnings results on Thursday, August 3rd. The oil and natural gas company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.03. The business had revenue of $75.04 million during the quarter, compared to analyst estimates of $68.08 million. SRC Energy had a return on equity of 12.75% and a net margin of 37.23%. On average, equities research analysts anticipate that SRC Energy will post $0.64 EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the business. Carnick & Kubik Group LLC bought a new stake in SRC Energy during the third quarter valued at about $106,000. UBS Group AG bought a new stake in SRC Energy during the first quarter valued at about $101,000. Piedmont Investment Advisors LLC bought a new stake in SRC Energy during the first quarter valued at about $101,000. OppenheimerFunds Inc. bought a new stake in SRC Energy during the first quarter valued at about $118,000. Finally, Teacher Retirement System of Texas bought a new stake in SRC Energy during the first quarter valued at about $127,000.

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.

Analyst Recommendations for SRC Energy (NASDAQ:SRCI)

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