SRC Energy Inc (NYSEAMERICAN:SRCI) – Equities researchers at Seaport Global Securities upped their FY2017 earnings estimates for shares of SRC Energy in a research note issued on Tuesday. Seaport Global Securities analyst M. Kelly now expects that the oil and natural gas company will post earnings of $0.64 per share for the year, up from their previous estimate of $0.51. Seaport Global Securities also issued estimates for SRC Energy’s Q4 2017 earnings at $0.18 EPS.

Other analysts also recently issued reports about the company. Jefferies Group started coverage on SRC Energy in a report on Monday, October 9th. They issued a “buy” rating and a $12.00 price objective for the company. Stifel Nicolaus set a $10.00 price objective on SRC Energy and gave the company a “buy” rating in a report on Thursday, October 5th. Royal Bank of Canada restated a “buy” rating and issued a $13.00 price objective on shares of SRC Energy in a report on Thursday, October 5th. BidaskClub upgraded SRC Energy from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Finally, Roth Capital restated a “buy” rating and issued a $11.00 price objective on shares of SRC Energy in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $11.73.

Shares of SRC Energy (NYSEAMERICAN SRCI) opened at $8.43 on Wednesday. SRC Energy has a 1-year low of $6.19 and a 1-year high of $10.22.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aperio Group LLC lifted its position in shares of SRC Energy by 24.7% during the 2nd quarter. Aperio Group LLC now owns 64,744 shares of the oil and natural gas company’s stock worth $436,000 after buying an additional 12,815 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of SRC Energy by 3.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 47,380 shares of the oil and natural gas company’s stock worth $319,000 after buying an additional 1,670 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of SRC Energy by 4.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 299,623 shares of the oil and natural gas company’s stock worth $2,014,000 after buying an additional 14,000 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of SRC Energy by 3.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 15,503 shares of the oil and natural gas company’s stock worth $104,000 after buying an additional 502 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of SRC Energy by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 400,639 shares of the oil and natural gas company’s stock worth $2,696,000 after buying an additional 12,885 shares in the last quarter.

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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.

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

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