SRC Energy Inc (NYSEAMERICAN:SRCI) – Analysts at Capital One Financial lifted their FY2018 earnings per share estimates for SRC Energy in a research note issued on Thursday, February 7th. Capital One Financial analyst P. Johnston now expects that the oil and natural gas company will post earnings per share of $1.11 for the year, up from their prior estimate of $1.10. Capital One Financial also issued estimates for SRC Energy’s Q4 2018 earnings at $0.32 EPS.

A number of other research analysts also recently weighed in on SRCI. Zacks Investment Research upgraded SRC Energy from a “strong sell” rating to a “hold” rating in a report on Saturday, January 26th. Robert W. Baird set a $5.00 price target on SRC Energy and gave the company a “buy” rating in a report on Friday. Ifs Securities upgraded SRC Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, February 7th. Raymond James set a $8.00 price target on SRC Energy and gave the company a “buy” rating in a report on Wednesday, January 23rd. Finally, Imperial Capital reiterated an “outperform” rating and set a $14.00 price target (up previously from $11.00) on shares of SRC Energy in a report on Friday. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $10.94.

Shares of SRCI stock opened at $4.17 on Monday. SRC Energy has a 1-year low of $4.01 and a 1-year high of $13.32.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SRCI. LSV Asset Management boosted its stake in shares of SRC Energy by 49.3% during the 4th quarter. LSV Asset Management now owns 8,878,442 shares of the oil and natural gas company’s stock worth $41,728,000 after acquiring an additional 2,932,485 shares in the last quarter. BlackRock Inc. boosted its stake in shares of SRC Energy by 3.9% during the 3rd quarter. BlackRock Inc. now owns 34,987,760 shares of the oil and natural gas company’s stock worth $311,042,000 after acquiring an additional 1,303,098 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of SRC Energy by 9.2% during the 3rd quarter. Victory Capital Management Inc. now owns 11,330,314 shares of the oil and natural gas company’s stock worth $100,726,000 after acquiring an additional 958,827 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of SRC Energy by 6.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,821,127 shares of the oil and natural gas company’s stock worth $131,758,000 after acquiring an additional 899,281 shares in the last quarter. Finally, Peregrine Capital Management LLC boosted its stake in shares of SRC Energy by 126.8% during the 4th quarter. Peregrine Capital Management LLC now owns 1,117,791 shares of the oil and natural gas company’s stock worth $5,254,000 after acquiring an additional 625,012 shares in 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.

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

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