KBC Group NV purchased a new position in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 622,457 shares of the oil and natural gas company’s stock, valued at approximately $6,019,000. KBC Group NV owned about 0.31% of SRC Energy at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. UBS Group AG purchased a new stake in shares of SRC Energy during the first quarter worth approximately $101,000. Teacher Retirement System of Texas raised its stake 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 worth $104,000 after purchasing an additional 502 shares during the last quarter. Carnick & Kubik Group LLC purchased a new stake in shares of SRC Energy during the third quarter worth approximately $106,000. Ameritas Investment Partners Inc. raised its stake 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 purchasing an additional 1,584 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in SRC Energy in the second quarter worth $133,000.
Several research analysts have issued reports on SRCI shares. SunTrust Banks reiterated a “buy” rating and issued a $12.00 price objective on shares of SRC Energy in a research report on Friday, October 27th. BidaskClub cut SRC Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Stephens reiterated an “overweight” rating and issued a $12.00 price objective (up previously from $11.00) on shares of SRC Energy in a research report on Saturday, September 30th. Imperial Capital started coverage on SRC Energy in a research report on Thursday, September 28th. They issued an “outperform” rating and a $11.00 price objective for the company. Finally, BMO Capital Markets set a $9.00 price objective on SRC Energy and gave the stock a “hold” rating in a research report on Sunday, August 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $11.88.
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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