State of Tennessee Treasury Department continued to hold its stake in shares of SRC Energy Inc (NASDAQ:SRCI) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 189,131 shares of the oil and natural gas company’s stock at the end of the 2nd quarter. State of Tennessee Treasury Department owned approximately 0.09% of SRC Energy worth $1,273,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SRCI. BlackRock Inc. acquired a new stake in shares of SRC Energy in the first quarter valued at $203,143,000. Vanguard Group Inc. acquired a new stake in shares of SRC Energy in the first quarter valued at $87,294,000. JPMorgan Chase & Co. acquired a new stake in shares of SRC Energy in the first quarter valued at $87,050,000. Wellington Management Group LLP acquired a new stake in shares of SRC Energy in the first quarter valued at $77,595,000. Finally, State Street Corp acquired a new stake in shares of SRC Energy in the first quarter valued at $68,552,000.

Several analysts have recently weighed in on SRCI shares. Credit Suisse Group restated an “outperform” rating and issued a $10.00 price objective on shares of SRC Energy in a report on Friday, June 2nd. Zacks Investment Research upgraded SRC Energy from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Thursday, July 20th. Robert W. Baird restated a “buy” rating and issued a $12.00 price objective on shares of SRC Energy in a report on Friday, September 1st. Seaport Global Securities lowered SRC Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $10.00 to $5.00 in a report on Wednesday, June 21st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $10.00 price objective on shares of SRC Energy in a report on Friday, July 14th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $11.29.

Shares of SRC Energy Inc (SRCI) opened at 8.37 on Friday. The stock’s 50 day moving average price is $7.96 and its 200 day moving average price is $7.58. SRC Energy Inc has a one year low of $5.87 and a one year high of $10.38. The stock has a market capitalization of $1.68 billion and a P/E ratio of 49.53.

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

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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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