SRC Energy Inc (SRCI) Given Consensus Recommendation of “Buy” by Analysts

SRC Energy Inc (NYSEAMERICAN:SRCI) has received an average rating of “Buy” from the twenty-two ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $11.97.

A number of research analysts recently issued reports on the stock. Credit Suisse Group upgraded shares of SRC Energy from an “underperform” rating to a “neutral” rating and set a $8.00 target price on the stock in a research report on Wednesday, January 31st. Stifel Nicolaus boosted their target price on shares of SRC Energy from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, October 13th. BMO Capital Markets set a $10.00 target price on shares of SRC Energy and gave the company a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded shares of SRC Energy from a “hold” rating to a “strong-buy” rating and set a $11.00 target price on the stock in a research report on Saturday, February 3rd. Finally, BidaskClub downgraded shares of SRC Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th.

Shares of SRC Energy (SRCI) opened at $8.63 on Friday. SRC Energy has a 12 month low of $6.19 and a 12 month high of $10.44. The company has a market cap of $2,240.00, a price-to-earnings ratio of 17.98 and a beta of 1.57.

Several hedge funds have recently made changes to their positions in SRCI. Carnick & Kubik Group LLC purchased a new stake in shares of SRC Energy in the third quarter valued at about $106,000. Cubist Systematic Strategies LLC purchased a new stake in shares of SRC Energy in the third quarter valued at about $109,000. Ameritas Investment Partners Inc. raised its holdings in shares of SRC Energy by 9.9% in the second quarter. Ameritas Investment Partners Inc. now owns 17,639 shares of the oil and natural gas company’s stock valued at $119,000 after purchasing an additional 1,584 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of SRC Energy in the second quarter valued at about $133,000. Finally, Shelton Capital Management bought a new position in SRC Energy during the second quarter valued at about $134,000.

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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.

Analyst Recommendations for SRC Energy (NYSEAMERICAN:SRCI)

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