SRC Energy Inc (SRCI) Short Interest Update
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.
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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