Great West Life Assurance Co. Can trimmed its holdings in SRC Energy Inc (NYSEAMERICAN:SRCI) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 307,294 shares of the oil and natural gas company’s stock after selling 7,976 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.13% of SRC Energy worth $3,380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantitative Systematic Strategies LLC purchased a new stake in shares of SRC Energy in the first quarter worth approximately $107,000. Cim Investment Mangement Inc. purchased a new stake in shares of SRC Energy in the second quarter worth approximately $138,000. Private Advisor Group LLC purchased a new stake in shares of SRC Energy in the first quarter worth approximately $131,000. Financial Gravity Wealth Inc. purchased a new stake in shares of SRC Energy in the first quarter worth approximately $171,000. Finally, Chicago Equity Partners LLC purchased a new stake in shares of SRC Energy in the second quarter worth approximately $199,000.

Shares of NYSEAMERICAN SRCI opened at $8.67 on Friday. SRC Energy Inc has a 12-month low of $7.76 and a 12-month high of $13.32.

SRC Energy (NYSEAMERICAN:SRCI) last announced its earnings results on Wednesday, August 1st. The oil and natural gas company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $147.09 million for the quarter, compared to analysts’ expectations of $144.87 million. SRC Energy had a return on equity of 18.08% and a net margin of 36.53%.

Several research analysts recently issued reports on SRCI shares. KeyCorp set a $15.00 price objective on SRC Energy and gave the stock a “buy” rating in a research note on Thursday, May 24th. KLR Group raised SRC Energy from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Friday, June 8th. Zacks Investment Research raised SRC Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Friday, July 13th. Seaport Global Securities reissued a “neutral” rating on shares of SRC Energy in a research note on Tuesday, July 24th. Finally, Jefferies Financial Group set a $15.00 price objective on SRC Energy and gave the stock a “buy” rating in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.78.

In other SRC Energy news, CFO James P. Henderson acquired 10,000 shares of the stock in a transaction dated Tuesday, August 14th. The stock was purchased at an average price of $9.26 per share, with a total value of $92,600.00. Following the transaction, the chief financial officer now directly owns 252,412 shares of the company’s stock, valued at $2,337,335.12. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lynn A. Peterson acquired 20,000 shares of the stock in a transaction dated Tuesday, August 14th. The stock was acquired at an average cost of $9.26 per share, with a total value of $185,200.00. Following the transaction, the chief executive officer now directly owns 626,591 shares in the company, valued at $5,802,232.66. The disclosure for this purchase can be found here.

About SRC Energy

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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