Equities analysts expect SRC Energy Inc (NYSEAMERICAN:SRCI) to report earnings of $0.22 per share for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for SRC Energy’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.13. SRC Energy reported earnings of $0.03 per share in the same quarter last year, which would indicate a positive year over year growth rate of 633.3%. The company is expected to report its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that SRC Energy will report full-year earnings of $0.66 per share for the current financial year, with EPS estimates ranging from $0.51 to $0.79. For the next year, analysts forecast that the company will report earnings of $0.80 per share, with EPS estimates ranging from $0.40 to $1.41. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover SRC Energy.

A number of research analysts have commented on SRCI shares. Zacks Investment Research cut shares of SRC Energy from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Roth Capital set a $11.00 price target on shares of SRC Energy and gave the company a “buy” rating in a research report on Wednesday, August 2nd. BMO Capital Markets set a $9.00 price target on shares of SRC Energy and gave the company a “hold” rating in a research report on Sunday, August 13th. Citigroup Inc. increased their price target on shares of SRC Energy from $8.00 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday, August 15th. Finally, Robert W. Baird reiterated a “buy” rating and set a $12.00 price target on shares of SRC Energy in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company. SRC Energy currently has an average rating of “Buy” and an average target price of $11.88.

A number of hedge funds and other institutional investors have recently bought and sold shares of SRCI. UBS Group AG bought a new stake in SRC Energy in the 1st quarter worth approximately $101,000. Teacher Retirement System of Texas increased its stake in SRC Energy by 3.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 15,503 shares of the oil and natural gas company’s stock worth $104,000 after acquiring an additional 502 shares during the last quarter. Carnick & Kubik Group LLC bought a new stake in SRC Energy in the 3rd quarter worth approximately $106,000. Cubist Systematic Strategies LLC bought a new stake in SRC Energy in the 3rd quarter worth approximately $109,000. Finally, OppenheimerFunds Inc. bought a new stake in SRC Energy in the 1st quarter worth approximately $118,000.

SRC Energy (NYSEAMERICAN SRCI) traded up $0.28 during mid-day trading on Monday, hitting $8.33. 4,670,000 shares of the company traded hands, compared to its average volume of 4,390,000. SRC Energy has a one year low of $6.19 and a one year high of $10.38.

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About SRC Energy

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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