SRC Energy (NYSEAMERICAN:SRCI) was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports. They currently have a $6.00 price target on the oil and natural gas company’s stock, down from their prior price target of $9.00. JPMorgan Chase & Co.’s target price would indicate a potential upside of 11.73% from the stock’s current price.

SRCI has been the topic of several other research reports. Zacks Investment Research upgraded SRC Energy from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research note on Thursday, October 25th. Roth Capital upgraded SRC Energy from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Thursday, October 18th. KLR Group restated a “buy” rating and set a $15.00 price target on shares of SRC Energy in a research note on Monday, August 20th. Finally, Robert W. Baird lowered SRC Energy from an “outperform” rating to a “hold” rating and set a $10.00 price target on the stock. in a research note on Tuesday, August 14th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. SRC Energy has a consensus rating of “Buy” and a consensus price target of $12.33.

Shares of NYSEAMERICAN:SRCI traded up $0.19 on Friday, hitting $5.37. 22,610 shares of the company’s stock were exchanged, compared to its average volume of 3,108,533. SRC Energy has a 12 month low of $5.06 and a 12 month high of $13.32.

SRC Energy (NYSEAMERICAN:SRCI) last released its earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $160.98 million for the quarter, compared to the consensus estimate of $155.20 million.

In related news, EVP Nicholas Spence bought 10,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were bought at an average price of $7.57 per share, for a total transaction of $75,700.00. Following the completion of the purchase, the executive vice president now directly owns 145,492 shares of the company’s stock, valued at $1,101,374.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. purchased a new stake in shares of SRC Energy during the second quarter worth about $126,000. Delphi Management Inc. MA purchased a new stake in shares of SRC Energy during the second quarter worth about $128,000. Cim Investment Mangement Inc. purchased a new stake in shares of SRC Energy during the second quarter worth about $138,000. Allen Capital Group LLC purchased a new stake in shares of SRC Energy during the third quarter worth about $144,000. Finally, Private Advisor Group LLC purchased a new stake in shares of SRC Energy during the third quarter worth about $172,000.

SRC Energy Company Profile

SRC Energy Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Denver-Julesburg Basin of Colorado. As of December 31, 2017, it had net proved oil and natural gas reserves of 69.4 million barrels of oil and condensate, 559.9 billion cubic feet of natural gas, and 64.0 million barrels of natural gas liquids; and operated 551 net producing wells, as well as had 98,600 gross and 88,300 net acres under lease in the Wattenberg Field.

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Analyst Recommendations for SRC Energy (NYSEAMERICAN:SRCI)

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