Fine Capital Partners L.P. lessened its stake in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) by 13.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,885,413 shares of the oil and natural gas company’s stock after selling 1,349,496 shares during the quarter. SRC Energy makes up 9.0% of Fine Capital Partners L.P.’s holdings, making the stock its 3rd biggest holding. Fine Capital Partners L.P. owned approximately 4.42% of SRC Energy worth $85,922,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. UBS Group AG acquired a new position in shares of SRC Energy during the first quarter worth $101,000. Teacher Retirement System of Texas raised its holdings in shares of SRC Energy by 3.3% during the second quarter. Teacher Retirement System of Texas now owns 15,503 shares of the oil and natural gas company’s stock valued at $104,000 after purchasing an additional 502 shares during the period. Carnick & Kubik Group LLC bought a new stake in shares of SRC Energy during the third quarter worth about $106,000. Ameritas Investment Partners Inc. increased its position in shares of SRC Energy by 9.9% during the second quarter. Ameritas Investment Partners Inc. now owns 17,639 shares of the oil and natural gas company’s stock worth $119,000 after acquiring an additional 1,584 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of SRC Energy during the second quarter worth about $133,000.
A number of equities research analysts have issued reports on the stock. Jefferies Group initiated coverage on shares of SRC Energy in a research report on Monday, October 9th. They issued a “buy” rating and a $12.00 price objective for the company. Stifel Nicolaus set a $10.00 price target on shares of SRC Energy and gave the stock a “buy” rating in a report on Thursday, October 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $13.00 price target on shares of SRC Energy in a report on Thursday, October 5th. BidaskClub raised shares of SRC Energy from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Finally, Roth Capital reissued a “buy” rating and issued a $11.00 price target on shares of SRC Energy in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $11.88.
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About SRC Energy
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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