Q2 2018 EPS Estimates for SRC Energy Inc (SRCI) Decreased by Seaport Global Securities

SRC Energy Inc (NYSEAMERICAN:SRCI) – Stock analysts at Seaport Global Securities lowered their Q2 2018 earnings per share estimates for SRC Energy in a research note issued to investors on Thursday, June 28th. Seaport Global Securities analyst M. Kelly now expects that the oil and natural gas company will post earnings per share of $0.16 for the quarter, down from their previous forecast of $0.17.

A number of other equities analysts also recently issued reports on SRCI. Roth Capital downgraded SRC Energy from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research note on Monday, April 30th. KLR Group downgraded SRC Energy from a “buy” rating to a “hold” rating and set a $13.00 target price for the company. in a research note on Tuesday, May 8th. Imperial Capital increased their target price on SRC Energy from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, May 4th. Capital One Financial downgraded SRC Energy from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 24th. Finally, KeyCorp set a $14.00 target price on SRC Energy and gave the stock a “buy” rating in a research note on Monday, April 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $12.72.

Shares of SRC Energy opened at $11.02 on Friday, Marketbeat Ratings reports. SRC Energy has a 12-month low of $6.48 and a 12-month high of $13.32.

SRC Energy (NYSEAMERICAN:SRCI) last posted its quarterly earnings data on Wednesday, May 2nd. The oil and natural gas company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The firm had revenue of $147.23 million during the quarter, compared to the consensus estimate of $146.40 million. SRC Energy had a return on equity of 18.08% and a net margin of 36.53%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC grew its holdings in shares of SRC Energy by 6.9% in the 1st quarter. Mason Street Advisors LLC now owns 67,075 shares of the oil and natural gas company’s stock worth $633,000 after acquiring an additional 4,305 shares during the period. Isthmus Partners LLC grew its holdings in shares of SRC Energy by 5.6% in the 1st quarter. Isthmus Partners LLC now owns 86,465 shares of the oil and natural gas company’s stock worth $815,000 after acquiring an additional 4,566 shares during the period. Profund Advisors LLC grew its holdings in SRC Energy by 14.9% during the 1st quarter. Profund Advisors LLC now owns 41,739 shares of the oil and natural gas company’s stock valued at $394,000 after buying an additional 5,424 shares during the last quarter. WealthPLAN Partners LLC grew its holdings in SRC Energy by 2.4% during the 1st quarter. WealthPLAN Partners LLC now owns 261,000 shares of the oil and natural gas company’s stock valued at $2,462,000 after buying an additional 6,000 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in SRC Energy by 2.1% during the 1st quarter. Fisher Asset Management LLC now owns 315,851 shares of the oil and natural gas company’s stock valued at $2,978,000 after buying an additional 6,389 shares during the last quarter.

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.

Earnings History and Estimates for SRC Energy (NYSEAMERICAN:SRCI)

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