BidaskClub cut shares of SRC Energy Inc (NYSEAMERICAN:SRCI) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

SRCI has been the subject of several other research reports. SunTrust Banks, Inc. reaffirmed a buy rating and set a $12.00 target price on shares of SRC Energy in a research note on Friday, October 27th. Stephens reiterated an overweight rating and issued a $12.00 price target (up previously from $11.00) on shares of SRC Energy in a research report on Saturday, September 30th. BMO Capital Markets set a $9.00 price target on SRC Energy and gave the company a hold rating in a research report on Sunday, August 13th. Imperial Capital began coverage on SRC Energy in a research report on Thursday, September 28th. They issued an outperform rating and a $11.00 price target for the company. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $13.00 price target on shares of SRC Energy in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $11.88.

Shares of SRC Energy (SRCI) traded down $0.32 during mid-day trading on Tuesday, reaching $8.24. The company had a trading volume of 4,463,000 shares, compared to its average volume of 2,983,584. SRC Energy has a fifty-two week low of $6.19 and a fifty-two week high of $10.38.

WARNING: “SRC Energy Inc (SRCI) Downgraded by BidaskClub to “Sell”” was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.dailypolitical.com/2017/11/15/src-energy-inc-srci-downgraded-by-bidaskclub-to-sell.html.

Institutional investors have recently bought and sold shares of the stock. Carnick & Kubik Group LLC bought a new position in shares of SRC Energy during the 3rd quarter worth approximately $106,000. Cubist Systematic Strategies LLC bought a new position in SRC Energy in the 3rd quarter valued at $109,000. UBS Group AG bought a new position in SRC Energy in the 1st quarter valued at $101,000. OppenheimerFunds Inc. bought a new stake in shares of SRC Energy during the first quarter worth $118,000. Finally, Teacher Retirement System of Texas raised its position in shares of SRC Energy by 3.3% during the second quarter. Teacher Retirement System of Texas now owns 15,503 shares of the oil and natural gas company’s stock worth $104,000 after acquiring an additional 502 shares during the last quarter.

SRC Energy Company 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.

Analyst Recommendations for SRC Energy (NYSEAMERICAN:SRCI)

Receive News & Ratings for SRC Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SRC Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.