SRC Energy (SRCI) Shares Gap Down to $9.12
Shares of SRC Energy Inc (NYSEAMERICAN:SRCI) gapped down before the market opened on Friday . The stock had previously closed at $9.38, but opened at $9.12. SRC Energy shares last traded at $8.80, with a volume of 2366073 shares changing hands.
SRCI has been the subject of a number of analyst reports. Royal Bank of Canada cut SRC Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday. Roth Capital restated a “buy” rating and issued a $11.00 price target on shares of SRC Energy in a research report on Monday, October 2nd. Imperial Capital restated an “outperform” rating and issued a $13.00 price target (up previously from $11.00) on shares of SRC Energy in a research report on Monday, November 13th. BidaskClub upgraded SRC Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Finally, BMO Capital Markets set a $10.00 price target on SRC Energy and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $11.73.
The firm has a market cap of $2,120.00, a P/E ratio of 18.33 and a beta of 1.55.
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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.
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