FY2017 EPS Estimates for SRC Energy Inc (SRCI) Lifted by KeyCorp
SRC Energy Inc (NYSEAMERICAN:SRCI) – Stock analysts at KeyCorp raised their FY2017 earnings per share (EPS) estimates for SRC Energy in a research report issued to clients and investors on Tuesday. KeyCorp analyst D. Deckelbaum now expects that the oil and natural gas company will post earnings per share of $0.69 for the year, up from their previous forecast of $0.66. KeyCorp currently has a “Buy” rating and a $10.00 target price on the stock. KeyCorp also issued estimates for SRC Energy’s Q4 2017 earnings at $0.24 EPS, Q1 2018 earnings at $0.19 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.22 EPS and FY2018 earnings at $0.77 EPS.
A number of other analysts also recently issued reports on the stock. SunTrust Banks reissued a “buy” rating and issued a $12.00 price objective on shares of SRC Energy in a report on Friday, October 27th. Royal Bank of Canada reissued a “buy” rating and issued a $13.00 price objective on shares of SRC Energy in a report on Tuesday, November 7th. Robert W. Baird reissued a “buy” rating and issued a $12.00 price objective on shares of SRC Energy in a report on Friday, September 1st. Zacks Investment Research downgraded shares of SRC Energy from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Jefferies Group initiated coverage on shares of SRC Energy in a research report on Monday, October 9th. They issued a “buy” rating and a $12.00 target price for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. SRC Energy currently has an average rating of “Buy” and an average target price of $11.78.
Institutional investors and hedge funds have recently bought and sold shares of the business. Teacher Retirement System of Texas boosted its stake in shares of SRC Energy by 3.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 15,503 shares of the oil and natural gas company’s stock valued at $104,000 after purchasing an additional 502 shares during the last quarter. Carnick & Kubik Group LLC bought a new stake in shares of SRC Energy in the 3rd quarter valued at $106,000. Cubist Systematic Strategies LLC bought a new stake in shares of SRC Energy in the 3rd quarter valued at $109,000. Ameritas Investment Partners Inc. boosted its stake in shares of SRC Energy by 9.9% in the 2nd 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. Finally, GSA Capital Partners LLP bought a new stake in shares of SRC Energy in the 2nd quarter valued at $133,000.
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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.
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