Analysts Set SRC Energy Inc (SRCI) Target Price at $10.21

SRC Energy Inc (NYSEMKT:SRCI) has earned an average recommendation of “Buy” from the sixteen brokerages that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $10.21.

A number of research firms recently weighed in on SRCI. Capital One Financial Corporation reaffirmed an “overweight” rating on shares of SRC Energy in a research note on Tuesday, April 25th. Seaport Global Securities downgraded SRC Energy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $10.00 to $5.00 in a research note on Wednesday, June 21st.

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Shares of SRC Energy (NYSEMKT SRCI) traded down 0.13% during midday trading on Friday, hitting $7.66. The company’s stock had a trading volume of 848,657 shares. The company has a market cap of $1.54 billion and a P/E ratio of 45.33. SRC Energy has a 1-year low of $5.87 and a 1-year high of $10.38. The company has a 50-day moving average price of $7.68 and a 200 day moving average price of $7.70.

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.

Analyst Recommendations for SRC Energy (NYSEMKT:SRCI)

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