SRC Energy (NYSEAMERICAN:SRCI) had its price objective decreased by analysts at Citigroup from $10.00 to $9.50 in a report released on Tuesday. The firm currently has a “neutral” rating on the oil and natural gas company’s stock. Citigroup’s target price points to a potential upside of 9.07% from the stock’s current price.
Several other research analysts also recently commented on SRCI. Scotiabank set a $14.00 price objective on shares of SRC Energy and gave the company a “buy” rating in a research report on Tuesday, October 17th. SunTrust Banks reissued a “buy” rating and set a $12.00 price objective on shares of SRC Energy in a research report on Friday, October 27th. Zacks Investment Research raised shares of SRC Energy from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Saturday, October 28th. Royal Bank of Canada reissued a “buy” rating and set a $13.00 price objective on shares of SRC Energy in a research report on Tuesday, November 7th. Finally, Robert W. Baird reduced their price objective on shares of SRC Energy from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $12.13.
Shares of SRC Energy (NYSEAMERICAN:SRCI) traded down $0.14 during midday trading on Tuesday, hitting $8.71. 193,705 shares of the company traded hands, compared to its average volume of 2,895,995. SRC Energy has a 12 month low of $6.19 and a 12 month high of $10.44. The stock has a market capitalization of $2,110.00, a P/E ratio of 18.15 and a beta of 1.57.
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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.
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