SRC Energy Inc (NYSEAMERICAN:SRCI) – Equities researchers at Seaport Global Securities lowered their FY2020 EPS estimates for SRC Energy in a report issued on Monday, April 22nd, Zacks Investment Research reports. Seaport Global Securities analyst J. Aschenbeck now anticipates that the oil and natural gas company will post earnings per share of $0.69 for the year, down from their prior estimate of $0.74. Seaport Global Securities also issued estimates for SRC Energy’s Q4 2020 earnings at $0.18 EPS.
A number of other equities analysts have also commented on SRCI. Zacks Investment Research raised SRC Energy from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research note on Saturday, April 27th. Ifs Securities raised SRC Energy from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, April 23rd. TheStreet raised SRC Energy from a “d+” rating to a “c” rating in a research note on Wednesday, March 6th. Robert W. Baird set a $5.00 price target on SRC Energy and gave the company a “buy” rating in a research note on Friday, February 8th. Finally, Raymond James set a $8.00 price objective on SRC Energy and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. SRC Energy presently has a consensus rating of “Buy” and a consensus target price of $10.45.
Shares of SRC Energy stock opened at $5.79 on Wednesday. SRC Energy has a 12 month low of $4.01 and a 12 month high of $13.32.
SRC Energy (NYSEAMERICAN:SRCI) last released its quarterly earnings data on Wednesday, May 1st. The oil and natural gas company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $189.46 million during the quarter, compared to the consensus estimate of $178.20 million.
A number of hedge funds have recently modified their holdings of SRCI. Versant Capital Management Inc raised its holdings in shares of SRC Energy by 75.4% in the first quarter. Versant Capital Management Inc now owns 7,835 shares of the oil and natural gas company’s stock worth $40,000 after buying an additional 3,368 shares during the period. Resources Investment Advisors Inc. purchased a new stake in shares of SRC Energy in the fourth quarter worth approximately $53,000. AlphaCrest Capital Management LLC purchased a new stake in shares of SRC Energy in the fourth quarter worth approximately $55,000. First Citizens Bank & Trust Co. purchased a new stake in shares of SRC Energy in the fourth quarter worth approximately $61,000. Finally, Virtu Financial LLC purchased a new stake in shares of SRC Energy in the fourth quarter worth approximately $69,000.
SRC Energy Company Profile
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.