WealthPLAN Partners LLC increased its holdings in SRC Energy Inc (NYSEAMERICAN:SRCI) by 2.4% in the 1st quarter, HoldingsChannel reports. The firm owned 261,000 shares of the oil and natural gas company’s stock after buying an additional 6,000 shares during the quarter. WealthPLAN Partners LLC’s holdings in SRC Energy were worth $2,462,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Swiss National Bank increased its holdings in shares of SRC Energy by 27.0% in the fourth quarter. Swiss National Bank now owns 397,728 shares of the oil and natural gas company’s stock valued at $3,393,000 after purchasing an additional 84,600 shares in the last quarter. BlackRock Inc. boosted its stake in SRC Energy by 22.4% in the fourth quarter. BlackRock Inc. now owns 31,331,828 shares of the oil and natural gas company’s stock valued at $267,260,000 after acquiring an additional 5,742,695 shares during the last quarter. Schroder Investment Management Group boosted its stake in SRC Energy by 25.5% in the fourth quarter. Schroder Investment Management Group now owns 2,363,373 shares of the oil and natural gas company’s stock valued at $20,160,000 after acquiring an additional 479,993 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in SRC Energy by 10.7% in the fourth quarter. Westwood Holdings Group Inc. now owns 3,035,779 shares of the oil and natural gas company’s stock valued at $25,895,000 after acquiring an additional 293,230 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in SRC Energy by 289.3% in the fourth quarter. Arizona State Retirement System now owns 405,651 shares of the oil and natural gas company’s stock valued at $3,460,000 after acquiring an additional 301,458 shares during the last quarter.

Several equities research analysts recently commented on the stock. Stephens reaffirmed a “buy” rating and issued a $14.00 price objective on shares of SRC Energy in a research report on Thursday, March 15th. Zacks Investment Research cut shares of SRC Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Jefferies Financial Group set a $13.00 price objective on shares of SRC Energy and gave the company a “buy” rating in a research report on Monday, March 19th. Capital One Financial lowered shares of SRC Energy from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 24th. Finally, Imperial Capital lifted their price target on shares of SRC Energy from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $12.26.

NYSEAMERICAN SRCI traded up $0.08 on Thursday, hitting $10.94. The company’s stock had a trading volume of 17,461 shares, compared to its average volume of 2,897,415. SRC Energy Inc has a 1-year low of $6.19 and a 1-year high of $13.32.

SRC Energy (NYSEAMERICAN:SRCI) last announced its quarterly earnings results on Wednesday, May 2nd. The oil and natural gas company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. SRC Energy had a net margin of 36.53% and a return on equity of 18.08%. The firm had revenue of $147.23 million during the quarter, compared to analysts’ expectations of $146.40 million.

SRC Energy Company Profile

SRC Energy Inc, an independent 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, 2017, it had net proved oil and natural gas reserves of 69.4 million barrels of oil and condensate, 559.9 billion cubic feet of natural gas, and 64.0 million barrels of natural gas liquids; and operated 551 net producing wells, as well as had 98,600 gross and 88,300 net acres under lease in the Wattenberg Field.

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Institutional Ownership by Quarter for SRC Energy (NYSEAMERICAN:SRCI)

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