Bank of Montreal Can decreased its position in SRC Energy Inc (NYSEAMERICAN:SRCI) by 50.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 366,121 shares of the oil and natural gas company’s stock after selling 367,187 shares during the quarter. Bank of Montreal Can’s holdings in SRC Energy were worth $3,123,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Carnick & Kubik Group LLC bought a new stake in SRC Energy during the 3rd quarter worth about $106,000. Cubist Systematic Strategies LLC bought a new stake in SRC Energy during the 3rd quarter worth about $109,000. Ameritas Investment Partners Inc. grew its holdings in SRC Energy by 9.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,639 shares of the oil and natural gas company’s stock worth $119,000 after acquiring an additional 1,584 shares during the last quarter. GSA Capital Partners LLP bought a new stake in SRC Energy during the 2nd quarter worth about $133,000. Finally, Shelton Capital Management bought a new stake in SRC Energy during the 2nd quarter worth about $134,000.
A number of equities research analysts have commented on SRCI shares. Robert W. Baird set a $12.00 price objective on shares of SRC Energy and gave the stock a “buy” rating in a report on Thursday, October 12th. Stifel Nicolaus increased their price objective on shares of SRC Energy from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Scotiabank set a $14.00 price objective on shares of SRC Energy and gave the stock a “buy” rating in a report on Tuesday, October 17th. SunTrust Banks reissued a “buy” rating and set a $12.00 price objective on shares of SRC Energy in a report on Friday, October 27th. Finally, Zacks Investment Research raised shares of SRC Energy from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Saturday, October 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. SRC Energy has a consensus rating of “Buy” and a consensus price target of $12.08.
SRC Energy 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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