SRC Energy Inc (NYSEAMERICAN:SRCI) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday.
Separately, Imperial Capital restated an “outperform” rating on shares of SRC Energy in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. SRC Energy currently has an average rating of “Buy” and a consensus target price of $10.80.
SRC Energy (NYSEAMERICAN SRCI) opened at $8.56 on Tuesday. SRC Energy has a 1 year low of $6.19 and a 1 year high of $10.38.
An institutional investor recently bought a new position in SRC Energy stock. Private Advisor Group LLC acquired a new stake in SRC Energy Inc (NYSEAMERICAN:SRCI) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,505 shares of the oil and natural gas company’s stock, valued at approximately $163,000.
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.
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