Teachers Advisors LLC Acquires 65,810 Shares of SRC Energy (SRCI)

Teachers Advisors LLC raised its holdings in SRC Energy (NYSEAMERICAN:SRCI) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 428,584 shares of the oil and natural gas company’s stock after purchasing an additional 65,810 shares during the period. Teachers Advisors LLC owned 0.18% of SRC Energy worth $3,656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SRCI. Ardsley Advisory Partners bought a new position in shares of SRC Energy in the fourth quarter valued at approximately $6,184,000. Luminus Management LLC bought a new position in shares of SRC Energy in the fourth quarter valued at approximately $2,671,000. California State Teachers Retirement System boosted its position in shares of SRC Energy by 15.6% in the fourth quarter. California State Teachers Retirement System now owns 371,998 shares of the oil and natural gas company’s stock valued at $3,173,000 after acquiring an additional 50,334 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of SRC Energy by 56.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,387,223 shares of the oil and natural gas company’s stock valued at $71,543,000 after acquiring an additional 3,037,992 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of SRC Energy by 22.7% in the fourth quarter. Deutsche Bank AG now owns 1,492,376 shares of the oil and natural gas company’s stock valued at $12,728,000 after acquiring an additional 276,071 shares during the period.

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Several equities research analysts have issued reports on SRCI shares. Piper Jaffray reiterated a “buy” rating and set a $14.00 target price on shares of SRC Energy in a research report on Tuesday, January 9th. Stifel Nicolaus set a $13.00 target price on shares of SRC Energy and gave the company a “buy” rating in a research report on Wednesday, March 28th. Jefferies Group set a $13.00 target price on shares of SRC Energy and gave the company a “buy” rating in a research report on Monday, March 19th. Stephens reiterated a “buy” rating and set a $14.00 target price on shares of SRC Energy in a research report on Thursday, March 15th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $12.58.

Shares of SRCI opened at $9.73 on Friday. SRC Energy has a fifty-two week low of $6.19 and a fifty-two week high of $10.44.

SRC Energy (NYSEAMERICAN:SRCI) last announced its quarterly earnings data on Wednesday, February 21st. The oil and natural gas company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.03). The business had revenue of $140.10 million during the quarter, compared to the consensus estimate of $133.72 million. SRC Energy had a return on equity of 18.08% and a net margin of 36.53%.

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About SRC Energy

SRC Energy Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Denver-Julesburg Basin of Colorado. As of December 31, 2017, it had net proved oil and natural gas reserves of 69.4 million barrels of oil and condensate, 559.9 billion cubic feet of natural gas, and 64.0 million barrels of natural gas liquids; and operated 551 net producing wells, as well as had 98,600 gross and 88,300 net acres under lease in the Wattenberg Field.

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Institutional Ownership by Quarter for SRC Energy (NYSEAMERICAN:SRCI)

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