SRC Energy Inc (NYSEAMERICAN:SRCI) EVP Nicholas Spence bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were bought at an average price of $7.57 per share, with a total value of $75,700.00. Following the completion of the purchase, the executive vice president now owns 145,492 shares in the company, valued at $1,101,374.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of SRCI traded up $1.13 during trading hours on Wednesday, hitting $8.48. The stock had a trading volume of 9,895,080 shares, compared to its average volume of 3,043,630. SRC Energy Inc has a 52 week low of $6.68 and a 52 week high of $13.32.
SRC Energy (NYSEAMERICAN:SRCI) last posted its earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The firm had revenue of $160.98 million during the quarter, compared to the consensus estimate of $155.20 million.
Several institutional investors and hedge funds have recently bought and sold shares of the company. LSV Asset Management grew its holdings in shares of SRC Energy by 11.4% in the 3rd quarter. LSV Asset Management now owns 5,945,957 shares of the oil and natural gas company’s stock worth $52,859,000 after purchasing an additional 607,600 shares during the last quarter. Private Advisor Group LLC bought a new stake in SRC Energy during the 3rd quarter worth about $172,000. Victory Capital Management Inc. grew its holdings in SRC Energy by 9.2% during the 3rd quarter. Victory Capital Management Inc. now owns 11,330,314 shares of the oil and natural gas company’s stock worth $100,726,000 after acquiring an additional 958,827 shares during the last quarter. TCW Group Inc. grew its holdings in SRC Energy by 7.9% during the 3rd quarter. TCW Group Inc. now owns 341,153 shares of the oil and natural gas company’s stock worth $3,033,000 after acquiring an additional 24,910 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its holdings in SRC Energy by 154.1% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 23,726 shares of the oil and natural gas company’s stock worth $211,000 after acquiring an additional 14,389 shares during the last quarter.
A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group set a $15.00 price objective on shares of SRC Energy and gave the company a “buy” rating in a research note on Friday, August 3rd. Zacks Investment Research upgraded shares of SRC Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Friday, July 13th. Roth Capital upgraded shares of SRC Energy from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, October 18th. KLR Group restated a “buy” rating and issued a $15.00 price objective on shares of SRC Energy in a research note on Monday, August 20th. Finally, Robert W. Baird cut shares of SRC Energy from an “outperform” rating to a “hold” rating and set a $10.00 price objective for the company. in a research note on Tuesday, August 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $12.66.
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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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