SRC Energy Inc (NYSEAMERICAN:SRCI) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 32,504,594 shares, an increase of 0.7% from the January 12th total of 32,275,620 shares. Currently, 13.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,886,730 shares, the days-to-cover ratio is presently 8.4 days.

SRC Energy (NYSEAMERICAN:SRCI) traded up $0.11 during trading hours on Friday, reaching $8.63. 2,010,505 shares of the company traded hands, compared to its average volume of 3,022,615. SRC Energy has a twelve month low of $6.19 and a twelve month high of $10.44. The firm has a market cap of $2,240.00, a P/E ratio of 17.48 and a beta of 1.57.

Several equities research analysts recently issued reports on SRCI shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $14.00 price target on shares of SRC Energy in a report on Tuesday, January 9th. Royal Bank of Canada lowered shares of SRC Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, January 5th. Imperial Capital reaffirmed an “outperform” rating and set a $13.00 price target (up from $11.00) on shares of SRC Energy in a report on Monday, November 13th. Robert W. Baird decreased their price target on shares of SRC Energy from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Finally, Credit Suisse Group started coverage on shares of SRC Energy in a report on Monday, December 11th. They set an “underperform” rating and a $8.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. SRC Energy has a consensus rating of “Buy” and a consensus target price of $12.08.

A number of large investors have recently bought and sold shares of SRCI. BlackRock Inc. boosted its position in SRC Energy by 22.4% during the 4th quarter. BlackRock Inc. now owns 31,331,828 shares of the oil and natural gas company’s stock worth $267,260,000 after buying an additional 5,742,695 shares during the period. Ameriprise Financial Inc. boosted its position in SRC Energy by 135.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,270,736 shares of the oil and natural gas company’s stock worth $41,300,000 after buying an additional 2,457,602 shares during the period. Dimensional Fund Advisors LP boosted its position in SRC Energy by 18.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 10,659,732 shares of the oil and natural gas company’s stock worth $103,079,000 after buying an additional 1,690,467 shares during the period. LSV Asset Management boosted its position in SRC Energy by 601.3% during the 4th quarter. LSV Asset Management now owns 1,681,011 shares of the oil and natural gas company’s stock worth $14,339,000 after buying an additional 1,441,311 shares during the period. Finally, Westwood Holdings Group Inc. boosted its position in SRC Energy by 70.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,931,999 shares of the oil and natural gas company’s stock worth $19,732,000 after buying an additional 1,216,866 shares during the period.

TRADEMARK VIOLATION NOTICE: This article was first reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://www.dailypolitical.com/2018/02/09/src-energy-inc-srci-short-interest-update.html.

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.

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