SRC Energy Inc (NYSEAMERICAN:SRCI) – Piper Jaffray Companies lowered their Q3 2019 EPS estimates for shares of SRC Energy in a report issued on Thursday, August 15th. Piper Jaffray Companies analyst K. Harrison now anticipates that the oil and natural gas company will post earnings per share of $0.17 for the quarter, down from their previous forecast of $0.18. Piper Jaffray Companies also issued estimates for SRC Energy’s Q4 2019 earnings at $0.18 EPS, Q1 2020 earnings at $0.17 EPS, Q2 2020 earnings at $0.17 EPS, Q3 2020 earnings at $0.18 EPS, Q4 2020 earnings at $0.20 EPS and FY2020 earnings at $0.72 EPS.

Several other equities research analysts also recently issued reports on the stock. Robert W. Baird set a $10.00 price objective on shares of SRC Energy and gave the stock a “buy” rating in a research note on Friday, May 17th. Zacks Investment Research downgraded shares of SRC Energy from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 15th. Wells Fargo & Co restated a “buy” rating on shares of SRC Energy in a research note on Monday, August 12th. Ifs Securities upgraded shares of SRC Energy from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, April 23rd. Finally, Raymond James restated a “strong-buy” rating and issued a $6.00 price objective (down previously from $7.00) on shares of SRC Energy in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. SRC Energy has a consensus rating of “Buy” and an average target price of $11.12.

Shares of SRC Energy stock opened at $4.72 on Monday. SRC Energy has a 1 year low of $3.17 and a 1 year high of $10.14.

SRC Energy (NYSEAMERICAN:SRCI) last announced its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $162.60 million for the quarter, compared to analyst estimates of $179.12 million.

Several institutional investors have recently added to or reduced their stakes in SRCI. Versant Capital Management Inc increased its position in SRC Energy by 75.4% in the first quarter. Versant Capital Management Inc now owns 7,835 shares of the oil and natural gas company’s stock worth $40,000 after purchasing an additional 3,368 shares during the period. Strs Ohio acquired a new stake in SRC Energy in the second quarter worth about $43,000. SRS Capital Advisors Inc. acquired a new stake in SRC Energy in the second quarter worth about $49,000. Denali Advisors LLC acquired a new stake in SRC Energy in the second quarter worth about $53,000. Finally, GAM Holding AG acquired a new stake in SRC Energy in the second quarter worth about $54,000.

SRC Energy Company Profile

SRC Energy Inc, an 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, 2018, it had net proved oil and natural gas reserves of 88 million barrels of oil and condensate, 771.9 billion cubic feet of natural gas, and 89.1 million barrels of natural gas liquids; and operated 985 net producing wells, as well as had 95,200 gross and 86,200 net acres under lease in the Wattenberg Field.

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Earnings History and Estimates for SRC Energy (NYSEAMERICAN:SRCI)

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