Roth Capital reiterated their buy rating on shares of SRC Energy Inc (NASDAQ:SRCI) in a research report released on Monday morning. They currently have a $11.00 price objective on the oil and natural gas company’s stock.

SRCI has been the topic of several other reports. Stephens reiterated an overweight rating and issued a $12.00 target price (up from $11.00) on shares of SRC Energy in a research note on Saturday, September 30th. BMO Capital Markets set a $9.00 target price on shares of SRC Energy and gave the stock a hold rating in a research note on Sunday, August 13th. Robert W. Baird reiterated a buy rating and issued a $12.00 target price on shares of SRC Energy in a research note on Friday, September 1st. Imperial Capital started coverage on shares of SRC Energy in a research note on Thursday, September 28th. They issued an outperform rating and a $11.00 target price on the stock. Finally, Stifel Nicolaus reiterated a buy rating and issued a $10.00 target price on shares of SRC Energy in a research note on Friday, July 14th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $11.42.

SRC Energy (NASDAQ:SRCI) opened at 9.56 on Monday. SRC Energy has a 12 month low of $6.19 and a 12 month high of $10.38. The firm’s 50-day moving average is $7.96 and its 200 day moving average is $7.58. The firm has a market capitalization of $1.92 billion and a P/E ratio of 56.57.

SRC Energy (NASDAQ:SRCI) last released its quarterly earnings data on Thursday, August 3rd. The oil and natural gas company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The company had revenue of $75.04 million during the quarter, compared to the consensus estimate of $68.08 million. SRC Energy had a net margin of 37.23% and a return on equity of 12.75%. On average, analysts expect that SRC Energy will post $0.60 EPS for the current fiscal year.

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Institutional investors have recently bought and sold shares of the company. UBS Group AG purchased a new stake in shares of SRC Energy during the 1st quarter valued at $101,000. Piedmont Investment Advisors LLC purchased a new stake in shares of SRC Energy during the 1st quarter valued at $101,000. World Asset Management Inc purchased a new stake in shares of SRC Energy during the 1st quarter valued at $106,000. OppenheimerFunds Inc. purchased a new stake in shares of SRC Energy during the 1st quarter valued at $118,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of SRC Energy during the 1st quarter valued at $127,000.

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.

Analyst Recommendations for SRC Energy (NASDAQ:SRCI)

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