SRC Energy Inc (NYSEAMERICAN:SRCI) – Equities research analysts at Piper Jaffray Companies increased their Q2 2019 earnings estimates for SRC Energy in a report released on Monday, March 18th. Piper Jaffray Companies analyst K. Harrison now expects that the oil and natural gas company will post earnings per share of $0.21 for the quarter, up from their previous forecast of $0.13. Piper Jaffray Companies also issued estimates for SRC Energy’s Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at $0.21 EPS, FY2019 earnings at $0.83 EPS, Q1 2020 earnings at $0.20 EPS, Q2 2020 earnings at $0.20 EPS, Q3 2020 earnings at $0.21 EPS, Q4 2020 earnings at $0.23 EPS and FY2020 earnings at $0.83 EPS.

SRC Energy (NYSEAMERICAN:SRCI) last issued its quarterly earnings data on Wednesday, February 20th. The oil and natural gas company reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. The firm had revenue of $190.34 million during the quarter, compared to analyst estimates of $186.18 million.

Other analysts have also issued reports about the company. Zacks Investment Research raised SRC Energy from a “strong sell” rating to a “hold” rating in a report on Saturday, January 26th. BMO Capital Markets dropped their price objective on SRC Energy to $7.00 and set a “market perform” rating for the company in a research report on Thursday, February 7th. Robert W. Baird set a $5.00 price objective on SRC Energy and gave the stock a “buy” rating in a research report on Friday, February 8th. Raymond James set a $8.00 price objective on SRC Energy and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Finally, TheStreet upgraded SRC Energy from a “d+” rating to a “c” rating in a research report on Wednesday, March 6th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $10.80.

SRCI opened at $5.46 on Thursday. SRC Energy has a 52-week low of $4.01 and a 52-week high of $13.32.

A number of institutional investors have recently bought and sold shares of the business. Eagle Asset Management Inc. raised its position in SRC Energy by 0.5% in the fourth quarter. Eagle Asset Management Inc. now owns 489,594 shares of the oil and natural gas company’s stock valued at $2,301,000 after purchasing an additional 2,589 shares during the last quarter. Legal & General Group Plc raised its position in SRC Energy by 0.5% in the fourth quarter. Legal & General Group Plc now owns 570,086 shares of the oil and natural gas company’s stock valued at $2,643,000 after purchasing an additional 2,629 shares during the last quarter. Allen Capital Group LLC raised its position in SRC Energy by 17.5% in the fourth quarter. Allen Capital Group LLC now owns 18,970 shares of the oil and natural gas company’s stock valued at $96,000 after purchasing an additional 2,825 shares during the last quarter. Private Advisor Group LLC raised its position in SRC Energy by 15.8% in the fourth quarter. Private Advisor Group LLC now owns 22,445 shares of the oil and natural gas company’s stock valued at $105,000 after purchasing an additional 3,068 shares during the last quarter. Finally, Bowling Portfolio Management LLC raised its position in SRC Energy by 2.6% in the fourth quarter. Bowling Portfolio Management LLC now owns 124,310 shares of the oil and natural gas company’s stock valued at $584,000 after purchasing an additional 3,177 shares during the last quarter.

About SRC Energy

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.

See Also: Liquidity

Earnings History and Estimates for SRC Energy (NYSEAMERICAN:SRCI)

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