Macquarie Group Ltd. increased its position in SRC Energy Inc (NYSEAMERICAN:SRCI) by 26.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,220,918 shares of the oil and natural gas company’s stock after acquiring an additional 884,793 shares during the period. Macquarie Group Ltd. owned approximately 2.10% of SRC Energy worth $40,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of SRCI. OppenheimerFunds Inc. acquired a new stake in SRC Energy during the 1st quarter worth about $118,000. Teachers Advisors LLC acquired a new stake in shares of SRC Energy during the 1st quarter valued at about $2,752,000. California Public Employees Retirement System acquired a new stake in shares of SRC Energy during the 1st quarter valued at about $847,000. Vanguard Group Inc. acquired a new stake in shares of SRC Energy during the 1st quarter valued at about $87,294,000. Finally, UBS Group AG acquired a new stake in shares of SRC Energy during the 1st quarter valued at about $101,000.
Several equities research analysts recently issued reports on the company. Stephens reiterated an “overweight” rating and issued a $12.00 price objective (up from $11.00) on shares of SRC Energy in a report on Saturday, September 30th. Imperial Capital reissued an “outperform” rating on shares of SRC Energy in a research note on Thursday, September 28th. BidaskClub raised shares of SRC Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Roth Capital reissued a “buy” rating and issued a $11.00 target price on shares of SRC Energy in a research note on Monday, October 2nd. Finally, Stifel Nicolaus set a $10.00 price target on shares of SRC Energy and gave the company a “buy” rating in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the stock. SRC Energy currently has an average rating of “Buy” and an average target price of $11.88.
SRC Energy Inc (SRCI) traded up $0.26 during trading hours on Thursday, hitting $8.37. 2,449,499 shares of the company’s stock traded hands, compared to its average volume of 2,975,723. SRC Energy Inc has a fifty-two week low of $6.19 and a fifty-two week high of $10.38.
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SRC Energy 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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