SRC Energy Inc (SRCI) Given Average Recommendation of “Buy” by Analysts

SRC Energy Inc (NYSEAMERICAN:SRCI) has earned an average recommendation of “Buy” from the twenty-two brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $11.75.

A number of equities analysts recently issued reports on SRCI shares. SunTrust Banks reiterated a “buy” rating and issued a $12.00 price target on shares of SRC Energy in a research note on Friday, October 27th. BidaskClub cut shares of SRC Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Stephens reiterated an “overweight” rating and issued a $12.00 price target (up previously from $11.00) on shares of SRC Energy in a research note on Saturday, September 30th. Royal Bank of Canada reiterated a “buy” rating and issued a $13.00 price target on shares of SRC Energy in a research note on Thursday, October 5th. Finally, Imperial Capital assumed coverage on shares of SRC Energy in a research note on Thursday, September 28th. They issued an “outperform” rating and a $11.00 price target on the stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in SRC Energy by 1.6% during the 2nd quarter. BlackRock Inc. now owns 24,464,771 shares of the oil and natural gas company’s stock valued at $164,648,000 after buying an additional 395,846 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in SRC Energy by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,864,084 shares of the oil and natural gas company’s stock valued at $113,776,000 after buying an additional 129,611 shares in the last quarter. Vanguard Group Inc. grew its holdings in SRC Energy by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 10,901,745 shares of the oil and natural gas company’s stock valued at $73,369,000 after buying an additional 558,923 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in SRC Energy by 18.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 10,659,732 shares of the oil and natural gas company’s stock valued at $103,079,000 after buying an additional 1,690,467 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in SRC Energy by 1.9% during the 3rd quarter. Victory Capital Management Inc. now owns 10,546,990 shares of the oil and natural gas company’s stock valued at $101,989,000 after buying an additional 197,540 shares in the last quarter.

Shares of SRC Energy (SRCI) opened at $8.46 on Friday. SRC Energy has a 1 year low of $6.19 and a 1 year high of $10.22.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/01/13/src-energy-inc-srci-given-average-recommendation-of-buy-by-analysts.html.

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.

Analyst Recommendations for SRC Energy (NYSEAMERICAN:SRCI)

Receive News & Ratings for SRC Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SRC Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply