SRC Energy’s (SRCI) “Outperform” Rating Reiterated at Imperial Capital
Other equities analysts also recently issued reports about the stock. BidaskClub upgraded shares of SRC Energy from a sell rating to a hold rating in a research note on Wednesday, September 6th. Seaport Global Securities downgraded shares of SRC Energy from a buy rating to a neutral rating and dropped their target price for the stock from $10.00 to $5.00 in a research note on Wednesday, June 21st. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. SRC Energy presently has a consensus rating of Buy and an average price target of $10.48.
SRC Energy (NYSEMKT SRCI) opened at 9.67 on Thursday. The stock has a market capitalization of $1.94 billion and a price-to-earnings ratio of 57.22. SRC Energy has a 12-month low of $6.19 and a 12-month high of $10.38. The stock’s 50 day moving average is $7.96 and its 200 day moving average is $7.58.
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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