SRC Energy Inc. (SRCI) PT Raised to $13.00 at Imperial Capital
SRC Energy Inc. (NASDAQ:SRCI) had its target price lifted by stock analysts at Imperial Capital from $11.00 to $13.00 in a research report issued on Friday. The brokerage currently has an “outperform” rating on the oil and natural gas company’s stock. Imperial Capital’s price target would suggest a potential upside of 51.16% from the company’s previous close.
Several other equities analysts have also recently issued reports on the stock. Robert W. Baird decreased their target price on shares of SRC Energy from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Friday. Zacks Investment Research cut shares of SRC Energy from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank Of Canada reiterated a “buy” rating and issued a $13.00 target price on shares of SRC Energy in a research note on Tuesday, November 7th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $12.00 target price on shares of SRC Energy in a research note on Friday, October 27th. Finally, Scotiabank set a $14.00 target price on shares of SRC Energy and gave the company a “buy” rating in a research note on Tuesday, October 17th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $12.08.
SRC Energy (SRCI) traded down $0.03 on Friday, hitting $8.60. 7,360,346 shares of the company traded hands, compared to its average volume of 4,030,000. SRC Energy has a 1 year low of $6.19 and a 1 year high of $10.38.
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Institutional investors have recently added to or reduced their stakes in the company. Carnick & Kubik Group LLC purchased a new stake in shares of SRC Energy during the third quarter worth $106,000. UBS Group AG purchased a new stake in shares of SRC Energy during the first quarter worth $101,000. OppenheimerFunds Inc. purchased a new stake in shares of SRC Energy during the first quarter worth $118,000. Teacher Retirement System of Texas grew its holdings in shares of SRC Energy by 3.3% during the second 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, Miller Howard Investments Inc. NY purchased a new stake in shares of SRC Energy during the third quarter worth $168,000.
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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