Citadel Advisors LLC increased its stake in SRC Energy Inc (NYSEAMERICAN:SRCI) by 7,049.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,402,431 shares of the oil and natural gas company’s stock after purchasing an additional 4,340,855 shares during the quarter. Citadel Advisors LLC’s holdings in SRC Energy were worth $37,552,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Carnick & Kubik Group LLC acquired a new stake in shares of SRC Energy in the third quarter valued at about $106,000. Cubist Systematic Strategies LLC acquired a new stake in SRC Energy during the 3rd quarter valued at approximately $109,000. Atria Investments LLC acquired a new stake in SRC Energy during the 4th quarter valued at approximately $135,000. Miller Howard Investments Inc. NY acquired a new stake in SRC Energy during the 3rd quarter valued at approximately $168,000. Finally, Private Advisor Group LLC acquired a new stake in SRC Energy during the 3rd quarter valued at approximately $163,000.
SRC Energy Inc (NYSEAMERICAN SRCI) opened at $8.92 on Monday. SRC Energy Inc has a 1-year low of $6.19 and a 1-year high of $10.44. The company has a market capitalization of $2,150.00, a P/E ratio of 18.58 and a beta of 1.57.
A number of equities research analysts have weighed in on SRCI shares. Piper Jaffray Companies restated a “buy” rating and set a $14.00 price objective on shares of SRC Energy in a research note on Tuesday, January 9th. Royal Bank of Canada restated a “buy” rating and set a $13.00 price objective on shares of SRC Energy in a research note on Tuesday, November 7th. Zacks Investment Research upgraded SRC Energy from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Saturday, October 28th. SunTrust Banks restated a “buy” rating and set a $12.00 price objective on shares of SRC Energy in a research note on Friday, October 27th. Finally, BMO Capital Markets set a $10.00 price objective on SRC Energy and gave the company a “hold” rating in a research note on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $12.13.
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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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