LaSalle Street Capital Management LLC maintained its stake in SRC Energy Inc (NASDAQ:SRCI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,403 shares of the oil and natural gas company’s stock at the close of the second quarter. LaSalle Street Capital Management LLC’s holdings in SRC Energy were worth $487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its position in shares of SRC Energy by 1.1% during the second quarter. Ameriprise Financial Inc. now owns 1,813,134 shares of the oil and natural gas company’s stock worth $12,202,000 after buying an additional 19,188 shares in the last quarter. Icon Advisers Inc. Co. grew its position in shares of SRC Energy by 20.9% during the second quarter. Icon Advisers Inc. Co. now owns 2,422,150 shares of the oil and natural gas company’s stock worth $16,301,000 after buying an additional 419,400 shares in the last quarter. GRT Capital Partners L.L.C. acquired a new position in shares of SRC Energy during the second quarter worth about $448,000. TIAA CREF Investment Management LLC lifted its stake in SRC Energy by 7.3% during the second quarter. TIAA CREF Investment Management LLC now owns 540,489 shares of the oil and natural gas company’s stock worth $3,637,000 after purchasing an additional 36,802 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in SRC Energy by 10.9% during the second quarter. Teachers Advisors LLC now owns 361,574 shares of the oil and natural gas company’s stock worth $2,433,000 after purchasing an additional 35,517 shares during the last quarter.

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SRC Energy Inc (SRCI) traded up 1.432% during midday trading on Thursday, hitting $8.145. The stock had a trading volume of 397,698 shares. The stock has a 50-day moving average price of $7.96 and a 200 day moving average price of $7.58. The firm has a market cap of $1.64 billion and a PE ratio of 48.195. SRC Energy Inc has a one year low of $5.87 and a one year high of $10.38.

SRC Energy (NASDAQ:SRCI) last issued its earnings results on Thursday, August 3rd. The oil and natural gas company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $75.04 million during the quarter, compared to analyst estimates of $68.08 million. SRC Energy had a return on equity of 12.75% and a net margin of 37.23%. On average, analysts predict that SRC Energy Inc will post $0.60 earnings per share for the current year.

Several equities research analysts recently weighed in on SRCI shares. Credit Suisse Group restated an “outperform” rating and set a $10.00 target price on shares of SRC Energy in a research note on Friday, June 2nd. BMO Capital Markets set a $9.00 target price on SRC Energy and gave the stock a “hold” rating in a research note on Sunday, August 13th. Robert W. Baird restated a “buy” rating and set a $12.00 target price on shares of SRC Energy in a research note on Friday, September 1st. Stifel Nicolaus restated a “buy” rating and set a $10.00 target price on shares of SRC Energy in a research note on Friday, July 14th. Finally, Roth Capital set a $11.00 price objective on SRC Energy and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $11.40.

SRC Energy 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.

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

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