SRC Energy Inc (SRCI) Given Average Rating of “Buy” by Brokerages

SRC Energy Inc (NYSEMKT:SRCI) has been assigned a consensus rating of “Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $10.56.

Several equities analysts have issued reports on SRCI shares. BidaskClub upgraded SRC Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Seaport Global Securities cut SRC Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $10.00 to $5.00 in a research report on Wednesday, June 21st. Finally, Imperial Capital reiterated an “outperform” rating on shares of SRC Energy in a research report on Thursday, September 28th.

Shares of SRC Energy (SRCI) traded down 0.22% during mid-day trading on Friday, hitting $9.27. The stock had a trading volume of 3,061,231 shares. The firm has a market cap of $1.86 billion and a PE ratio of 54.85. The firm has a 50 day moving average price of $7.96 and a 200 day moving average price of $7.59. SRC Energy has a 52-week low of $6.19 and a 52-week high of $10.38.

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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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