SRC Energy Inc (NYSEAMERICAN:SRCI) – Stock analysts at Jefferies Financial Group increased their Q2 2018 EPS estimates for SRC Energy in a note issued to investors on Monday, June 11th. Jefferies Financial Group analyst M. Lear now forecasts that the oil and natural gas company will post earnings per share of $0.25 for the quarter, up from their previous estimate of $0.22. Jefferies Financial Group has a “Buy” rating and a $13.00 price target on the stock. Jefferies Financial Group also issued estimates for SRC Energy’s Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.39 EPS, Q1 2020 earnings at $0.34 EPS and FY2020 earnings at $1.56 EPS.

Several other equities analysts have also recently weighed in on SRCI. KLR Group raised SRC Energy from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Friday, June 8th. Roth Capital cut SRC Energy from a “buy” rating to a “neutral” rating and set a $12.00 price objective for the company. in a report on Monday, April 30th. KeyCorp set a $15.00 price objective on SRC Energy and gave the company a “buy” rating in a report on Thursday, May 24th. Imperial Capital lifted their price objective on SRC Energy from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, May 4th. Finally, Capital One Financial cut SRC Energy from an “overweight” rating to an “equal weight” rating in a report on Tuesday, April 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $12.26.

Shares of NYSEAMERICAN SRCI opened at $10.86 on Wednesday. SRC Energy has a fifty-two week low of $6.19 and a fifty-two week high of $13.32.

SRC Energy (NYSEAMERICAN:SRCI) last announced its quarterly earnings data on Wednesday, May 2nd. The oil and natural gas company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The firm had revenue of $147.23 million during the quarter, compared to analysts’ expectations of $146.40 million. SRC Energy had a return on equity of 18.08% and a net margin of 36.53%.

Several institutional investors and hedge funds have recently modified their holdings of SRCI. BlackRock Inc. grew its position in SRC Energy by 1.2% during the 1st quarter. BlackRock Inc. now owns 31,693,424 shares of the oil and natural gas company’s stock worth $298,869,000 after acquiring an additional 361,596 shares during the last quarter. SailingStone Capital Partners LLC grew its position in SRC Energy by 13.3% during the 4th quarter. SailingStone Capital Partners LLC now owns 29,460,468 shares of the oil and natural gas company’s stock worth $251,298,000 after acquiring an additional 3,448,982 shares during the last quarter. Dimensional Fund Advisors LP grew its position in SRC Energy by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,921,811 shares of the oil and natural gas company’s stock worth $121,853,000 after acquiring an additional 1,134,934 shares during the last quarter. JPMorgan Chase & Co. grew its position in SRC Energy by 5.5% during the 1st quarter. JPMorgan Chase & Co. now owns 12,286,426 shares of the oil and natural gas company’s stock worth $115,861,000 after acquiring an additional 639,985 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in SRC Energy by 2.0% during the 4th quarter. Alliancebernstein L.P. now owns 10,043,208 shares of the oil and natural gas company’s stock worth $85,669,000 after acquiring an additional 201,395 shares during the last quarter.

SRC Energy Company Profile

SRC Energy Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Denver-Julesburg Basin of Colorado. As of December 31, 2017, it had net proved oil and natural gas reserves of 69.4 million barrels of oil and condensate, 559.9 billion cubic feet of natural gas, and 64.0 million barrels of natural gas liquids; and operated 551 net producing wells, as well as had 98,600 gross and 88,300 net acres under lease in the Wattenberg Field.

Earnings History and Estimates for SRC Energy (NYSEAMERICAN:SRCI)

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