SRC Energy Inc (SRCI) Receives Average Rating of “Buy” from Brokerages
Shares of SRC Energy Inc (NYSEAMERICAN:SRCI) have received a consensus recommendation of “Buy” from the twenty-two research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $11.92.
A number of research firms recently issued reports on SRCI. BMO Capital Markets set a $9.00 target price on shares of SRC Energy and gave the company a “hold” rating in a research report on Sunday, August 13th. Robert W. Baird reiterated a “buy” rating and set a $12.00 target price on shares of SRC Energy in a research report on Friday, September 1st. Imperial Capital reiterated an “outperform” rating on shares of SRC Energy in a research report on Thursday, September 28th. BidaskClub downgraded shares of SRC Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Jefferies Group LLC began coverage on shares of SRC Energy in a research report on Monday, October 9th. They set a “buy” rating and a $12.00 target price on the stock.
SRC Energy (SRCI) opened at $8.49 on Monday. SRC Energy has a 1 year low of $6.19 and a 1 year high of $10.38.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG purchased a new stake in SRC Energy during the first quarter valued at about $101,000. Teacher Retirement System of Texas lifted its holdings in 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 valued at $104,000 after purchasing an additional 502 shares during the last quarter. Carnick & Kubik Group LLC purchased a new stake in SRC Energy during the third quarter valued at about $106,000. Cubist Systematic Strategies LLC purchased a new stake in SRC Energy during the third quarter valued at about $109,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in SRC Energy by 9.9% during the second quarter. Ameritas Investment Partners Inc. now owns 17,639 shares of the oil and natural gas company’s stock valued at $119,000 after purchasing an additional 1,584 shares during the last quarter.
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About SRC Energy
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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