SRC Energy Inc (NYSEAMERICAN:SRCI) – Investment analysts at KeyCorp increased their FY2017 earnings per share (EPS) estimates for shares of SRC Energy in a research report issued to clients and investors on Wednesday. KeyCorp analyst D. Deckelbaum now expects that the oil and natural gas company will earn $0.73 per share for the year, up from their prior estimate of $0.70. KeyCorp also issued estimates for SRC Energy’s Q4 2017 earnings at $0.28 EPS.
SRC Energy (NYSEAMERICAN:SRCI) last posted its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. The business had revenue of $103.59 million during the quarter, compared to the consensus estimate of $99.64 million. SRC Energy had a net margin of 42.33% and a return on equity of 19.16%.
SRC Energy (NYSEAMERICAN SRCI) opened at $9.88 on Thursday. The company has a market cap of $2,260.00, a price-to-earnings ratio of 20.88 and a beta of 1.55. SRC Energy has a 12 month low of $6.19 and a 12 month high of $10.44.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Carnick & Kubik Group LLC purchased a new stake in SRC Energy in the third quarter valued at $106,000. Cubist Systematic Strategies LLC purchased a new stake in SRC Energy in the third quarter valued at $109,000. Atria Investments LLC purchased a new stake in SRC Energy in the fourth quarter valued at $135,000. Miller Howard Investments Inc. NY purchased a new stake in SRC Energy in the third quarter valued at $168,000. Finally, Private Advisor Group LLC purchased a new stake in SRC Energy in the third quarter valued at $163,000.
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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