Mason Street Advisors LLC raised its stake in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) by 6.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,075 shares of the oil and natural gas company’s stock after buying an additional 4,305 shares during the quarter. Mason Street Advisors LLC’s holdings in SRC Energy were worth $633,000 at the end of the most recent reporting period.

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

Several equities analysts recently issued reports on SRCI shares. KeyCorp set a $14.00 price objective on SRC Energy and gave the company a “buy” rating in a research report on Monday, April 23rd. Stifel Nicolaus set a $13.00 price objective on SRC Energy and gave the company a “buy” rating in a research report on Wednesday, March 28th. Jefferies Financial Group set a $13.00 target price on SRC Energy and gave the company a “buy” rating in a research note on Monday, March 19th. Stephens restated a “buy” rating and issued a $14.00 target price on shares of SRC Energy in a research note on Thursday, March 15th. Finally, KLR Group upgraded SRC Energy from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Friday, June 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. SRC Energy presently has an average rating of “Hold” and an average price target of $12.26.

Shares of SRC Energy opened at $10.99 on Wednesday, MarketBeat reports. SRC Energy Inc has a 12-month low of $6.19 and a 12-month 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. SRC Energy had a return on equity of 18.08% and a net margin of 36.53%. The company had revenue of $147.23 million for the quarter, compared to analysts’ expectations of $146.40 million.

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.

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Institutional Ownership by Quarter for SRC Energy (NYSEAMERICAN:SRCI)

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