Dupont Capital Management Corp acquired a new position in shares of SRC Energy Inc. (NASDAQ:SRCI) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 62,023 shares of the oil and natural gas company’s stock, valued at approximately $600,000.
Other institutional investors also recently bought and sold shares of the company. Carnick & Kubik Group LLC purchased a new stake in SRC Energy during the 3rd quarter worth about $106,000. UBS Group AG purchased a new stake in SRC Energy during the 1st quarter worth about $101,000. OppenheimerFunds Inc. purchased a new stake in SRC Energy during the 1st quarter worth about $118,000. Teacher Retirement System of Texas increased its position in SRC Energy by 3.3% during 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 purchasing an additional 502 shares in the last quarter. Finally, Miller Howard Investments Inc. NY acquired a new stake in SRC Energy in the 3rd quarter worth about $168,000.
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A number of brokerages have issued reports on SRCI. Stephens reissued an “overweight” rating and issued a $12.00 price target (up from $11.00) on shares of SRC Energy in a research note on Saturday, September 30th. Roth Capital reissued a “buy” rating and issued a $11.00 price target on shares of SRC Energy in a research note on Monday, October 2nd. Stifel Nicolaus set a $10.00 price target on SRC Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $13.00 price target on shares of SRC Energy in a research note on Thursday, October 5th. Finally, Scotiabank set a $14.00 price target on SRC Energy and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $12.08.
SRC Energy Inc. (NASDAQ SRCI) opened at $8.60 on Friday. SRC Energy Inc. has a 52 week low of $6.19 and a 52 week high of $10.38.
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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