SRC Energy (NASDAQ:SRCI) Getting Positive News Coverage, Analysis Shows
Media coverage about SRC Energy (NASDAQ:SRCI) has trended positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. SRC Energy earned a daily sentiment score of 0.29 on Accern’s scale. Accern also assigned media stories about the oil and natural gas company an impact score of 46.453892303872 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
SRC Energy (SRCI) traded down 0.73% during midday trading on Friday, hitting $8.18. 3,451,304 shares of the company traded hands. The stock has a 50 day moving average price of $7.50 and a 200-day moving average price of $7.73. SRC Energy has a 12-month low of $5.87 and a 12-month high of $10.38. The company has a market cap of $1.64 billion and a PE ratio of 48.40.
SRC Energy (NASDAQ:SRCI) last released its earnings results on Thursday, August 3rd. The oil and natural gas company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. SRC Energy had a return on equity of 9.36% and a net margin of 44.12%. The company had revenue of $75.04 million for the quarter, compared to analysts’ expectations of $68.08 million. Analysts expect that SRC Energy will post $0.59 EPS for the current year.
Several equities research analysts recently issued reports on SRCI shares. Simmons reissued an “overweight” rating and issued a $11.00 target price on shares of SRC Energy in a research report on Friday, April 14th. Capital One Financial Corporation started coverage on shares of SRC Energy in a research report on Tuesday, April 25th. They issued an “overweight” rating and a $13.00 target price on the stock. Wells Fargo & Company cut shares of SRC Energy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 3rd. Credit Suisse Group reissued an “outperform” rating and issued a $10.00 target price on shares of SRC Energy in a research report on Friday, June 2nd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $9.00 target price on shares of SRC Energy in a research report on Wednesday, June 21st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $11.63.
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In other SRC Energy news, COO Nicholas Spence bought 8,000 shares of the stock in a transaction on Thursday, June 8th. The shares were bought at an average price of $6.45 per share, with a total value of $51,600.00. Following the purchase, the chief operating officer now directly owns 108,222 shares in the company, valued at approximately $698,031.90. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
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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