SRC Energy (SRCI) Shares Gap Down to $4.91
SRC Energy Inc (NYSEAMERICAN:SRCI) gapped down prior to trading on Friday . The stock had previously closed at $4.61, but opened at $4.91. SRC Energy shares last traded at $4.86, with a volume of 170392 shares.
A number of equities research analysts have weighed in on SRCI shares. Zacks Investment Research upgraded SRC Energy from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research report on Saturday, April 27th. BMO Capital Markets cut their price objective on SRC Energy to $7.00 and set a “market perform” rating for the company in a research report on Thursday, February 7th. Robert W. Baird set a $10.00 price objective on SRC Energy and gave the company a “buy” rating in a research report on Friday, May 17th. Imperial Capital reiterated an “outperform” rating and set a $14.00 price objective (up previously from $11.00) on shares of SRC Energy in a research report on Friday, February 8th. Finally, Cowen assumed coverage on SRC Energy in a research report on Tuesday, April 9th. They set an “outperform” rating and a $8.00 price objective for the company. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $11.87.
SRC Energy (NYSEAMERICAN:SRCI) last announced its earnings results on Wednesday, May 1st. The oil and natural gas company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $189.46 million for the quarter, compared to analyst estimates of $178.20 million.
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About SRC Energy (NYSEAMERICAN:SRCI)
SRC Energy Inc, an 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, 2018, it had net proved oil and natural gas reserves of 88 million barrels of oil and condensate, 771.9 billion cubic feet of natural gas, and 89.1 million barrels of natural gas liquids; and operated 985 net producing wells, as well as had 95,200 gross and 86,200 net acres under lease in the Wattenberg Field.
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