SRC Energy Inc (NYSEAMERICAN:SRCI) EVP Nicholas Spence bought 10,000 shares of the company’s stock in a transaction on Tuesday, November 6th. The shares were bought at an average price of $7.57 per share, with a total value of $75,700.00. Following the completion of the transaction, the executive vice president now owns 145,492 shares of the company’s stock, valued at $1,101,374.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NYSEAMERICAN SRCI opened at $7.44 on Friday. SRC Energy Inc has a 52 week low of $6.68 and a 52 week high of $13.32.

SRC Energy (NYSEAMERICAN:SRCI) last issued its earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $160.98 million during the quarter, compared to analysts’ expectations of $155.20 million.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of SRC Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Seaport Global Securities restated a “neutral” rating on shares of SRC Energy in a report on Tuesday, July 24th. Jefferies Financial Group set a $15.00 price objective on shares of SRC Energy and gave the stock a “buy” rating in a report on Friday, August 3rd. KLR Group restated a “buy” rating and issued a $15.00 price objective on shares of SRC Energy in a report on Monday, August 20th. Finally, Robert W. Baird upgraded shares of SRC Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $10.00 to $12.00 in a report on Monday, October 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. SRC Energy has an average rating of “Hold” and a consensus target price of $12.63.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC increased its stake in shares of SRC Energy by 9.1% in the second quarter. Piedmont Investment Advisors LLC now owns 56,404 shares of the oil and natural gas company’s stock worth $622,000 after buying an additional 4,726 shares during the period. Nisa Investment Advisors LLC increased its position in SRC Energy by 12.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 43,825 shares of the oil and natural gas company’s stock valued at $483,000 after purchasing an additional 4,900 shares during the period. Lowe Brockenbrough & Co. Inc. increased its position in SRC Energy by 13.9% during the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 41,000 shares of the oil and natural gas company’s stock valued at $452,000 after purchasing an additional 5,000 shares during the period. Amalgamated Bank increased its position in SRC Energy by 15.1% during the 2nd quarter. Amalgamated Bank now owns 39,145 shares of the oil and natural gas company’s stock valued at $431,000 after purchasing an additional 5,144 shares during the period. Finally, Campbell & CO Investment Adviser LLC increased its position in SRC Energy by 37.2% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 22,166 shares of the oil and natural gas company’s stock valued at $244,000 after purchasing an additional 6,009 shares during the period.

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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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