SRC Energy (NYSEAMERICAN:SRCI)‘s stock had its “buy” rating reiterated by research analysts at Stephens in a report issued on Thursday. They currently have a $14.00 price target on the oil and natural gas company’s stock. Stephens’ target price would suggest a potential upside of 50.38% from the company’s current price.
Several other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of SRC Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Citigroup dropped their price target on shares of SRC Energy from $10.00 to $9.50 and set a “neutral” rating for the company in a research report on Tuesday, February 13th. Imperial Capital reaffirmed an “outperform” rating and set a $16.00 price target (up previously from $14.00) on shares of SRC Energy in a research report on Thursday, February 1st. Credit Suisse Group raised shares of SRC Energy from an “underperform” rating to a “neutral” rating and set a $8.00 price target for the company in a research report on Wednesday, January 31st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $14.00 price target on shares of SRC Energy in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $12.47.
SRC Energy (SRCI) opened at $9.31 on Thursday. SRC Energy has a 52-week low of $6.19 and a 52-week high of $10.44. The company has a market cap of $2,220.00, a P/E ratio of 13.71 and a beta of 1.62.
Institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of SRC Energy in the third quarter worth $109,000. Allen Capital Group LLC acquired a new stake in shares of SRC Energy in the fourth quarter worth $113,000. Financial Gravity Companies Inc. acquired a new stake in shares of SRC Energy in the fourth quarter worth $133,000. Atria Investments LLC acquired a new stake in shares of SRC Energy in the fourth quarter worth $135,000. Finally, LPL Financial LLC acquired a new stake in shares of SRC Energy in the fourth quarter worth $139,000.
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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.
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