SRC Energy Inc. (SRCI) Given New $13.00 Price Target at Imperial Capital

SRC Energy Inc. (NASDAQ:SRCI) had its price objective raised by Imperial Capital from $11.00 to $13.00 in a research note issued to investors on Friday morning. They currently have an outperform rating on the oil and natural gas company’s stock.

A number of other brokerages have also recently issued reports on SRCI. Roth Capital reiterated a buy rating and set a $11.00 target price on shares of SRC Energy in a report on Monday, October 2nd. Stifel Nicolaus reiterated a buy rating and set a $10.00 target price on shares of SRC Energy in a report on Friday, July 14th. Stephens reiterated an overweight rating and set a $12.00 target price (up previously from $11.00) on shares of SRC Energy in a report on Saturday, September 30th. BMO Capital Markets set a $10.00 price target on SRC Energy and gave the stock a hold rating in a research report on Tuesday, October 10th. Finally, Robert W. Baird reduced their price target on SRC Energy from $13.00 to $12.00 and set an outperform rating on the stock in a research report on Friday. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. SRC Energy currently has a consensus rating of Buy and a consensus price target of $12.08.

Shares of SRC Energy (NASDAQ SRCI) traded down $0.03 during trading hours on Friday, hitting $8.60. The stock had a trading volume of 7,360,346 shares, compared to its average volume of 4,030,000. SRC Energy has a 1-year low of $6.19 and a 1-year high of $10.38.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Miller Howard Investments Inc. NY acquired a new position in shares of SRC Energy in the 3rd quarter valued at approximately $168,000. Northern Trust Corp raised its position in shares of SRC Energy by 6.3% in the 2nd quarter. Northern Trust Corp now owns 3,562,827 shares of the oil and natural gas company’s stock valued at $23,977,000 after purchasing an additional 212,710 shares in the last quarter. BlackRock Inc. acquired a new position in shares of SRC Energy in the 1st quarter valued at approximately $203,143,000. Vivaldi Asset Management LLC acquired a new position in shares of SRC Energy in the 2nd quarter valued at approximately $3,321,000. Finally, State Street Corp acquired a new position in shares of SRC Energy in the 1st quarter valued at approximately $68,552,000.

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.

Analyst Recommendations for SRC Energy (NASDAQ:SRCI)

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