SRC Energy Inc (NYSEAMERICAN:SRCI) – Equities research analysts at Capital One Financial cut their FY2020 EPS estimates for shares of SRC Energy in a research note issued to investors on Tuesday, August 27th, Zacks Investment Research reports. Capital One Financial analyst P. Johnston now forecasts that the oil and natural gas company will earn $0.66 per share for the year, down from their prior estimate of $0.85. Capital One Financial currently has a “Overweight” rating on the stock.
SRC Energy (NYSEAMERICAN:SRCI) last announced its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $162.60 million for the quarter, compared to analyst estimates of $179.12 million.SRCI has been the topic of a number of other reports. MKM Partners downgraded shares of SRC Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 27th. Jefferies Financial Group set a $6.00 price target on shares of SRC Energy and gave the company a “buy” rating in a research note on Wednesday, August 21st. Raymond James reiterated a “strong-buy” rating and issued a $6.00 price objective (down previously from $7.00) on shares of SRC Energy in a report on Friday, August 2nd. Pivotal Research started coverage on shares of SRC Energy in a report on Wednesday, May 29th. They issued a “buy” rating and a $37.29 price objective for the company. Finally, Zacks Investment Research lowered shares of SRC Energy from a “hold” rating to a “strong sell” rating in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $10.69.
Shares of SRCI traded down $0.18 during mid-day trading on Friday, reaching $4.78. The company had a trading volume of 5,759,838 shares, compared to its average volume of 4,810,513. SRC Energy has a 1-year low of $3.17 and a 1-year high of $9.29.
A number of institutional investors have recently added to or reduced their stakes in SRCI. Strs Ohio bought a new stake in shares of SRC Energy in the 2nd quarter valued at $43,000. SRS Capital Advisors Inc. bought a new stake in shares of SRC Energy in the 2nd quarter valued at $49,000. Denali Advisors LLC bought a new stake in shares of SRC Energy in the 2nd quarter valued at $53,000. GAM Holding AG bought a new stake in shares of SRC Energy in the 2nd quarter valued at $54,000. Finally, Ellington Management Group LLC bought a new stake in shares of SRC Energy in the 2nd quarter valued at $57,000.
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.