Netols Asset Management Inc. Takes Position in SRC Energy Inc (SRCI)

Netols Asset Management Inc. purchased a new position in shares of SRC Energy Inc (NASDAQ:SRCI) during the first quarter, Holdings Channel reports. The fund purchased 775,950 shares of the oil and natural gas company’s stock, valued at approximately $6,549,000.

Other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in SRC Energy during the first quarter worth $40,513,000. Icon Advisers Inc. Co. acquired a new stake in SRC Energy during the first quarter worth $16,903,000. Heartland Advisors Inc. acquired a new stake in SRC Energy during the first quarter worth $15,329,000. Ameriprise Financial Inc. acquired a new stake in SRC Energy during the first quarter worth $15,140,000. Finally, Hillcrest Asset Management LLC acquired a new stake in SRC Energy during the first quarter worth $11,632,000.

Institutional Ownership by Quarter for SRC Energy (NASDAQ:SRCI)

Shares of SRC Energy Inc (NASDAQ:SRCI) traded up 0.82% during trading on Friday, hitting $7.37. The company’s stock had a trading volume of 2,104,213 shares. The firm’s 50 day moving average price is $7.86 and its 200-day moving average price is $8.35. The company’s market cap is $1.48 billion. SRC Energy Inc has a 52 week low of $5.66 and a 52 week high of $10.38.

SRC Energy (NASDAQ:SRCI) last issued its earnings results on Thursday, May 4th. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. The company had revenue of $45.06 million during the quarter, compared to analyst estimates of $43.60 million. On average, analysts predict that SRC Energy Inc will post $0.45 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by Mideast Time and is owned by of Mideast Time. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.mideasttime.com/netols-asset-management-inc-takes-position-in-src-energy-inc-srci/1708734.html.

Several equities analysts have issued reports on SRCI shares. Simmons raised their price objective on SRC Energy from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, April 17th. Zacks Investment Research raised SRC Energy from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a report on Friday, March 10th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $11.00 price objective on shares of SRC Energy in a report on Wednesday, April 12th. Wells Fargo & Co lowered SRC Energy from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 3rd. Finally, Capital One Financial Corp. started coverage on SRC Energy in a report on Tuesday, April 25th. They set an “overweight” rating and a $13.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. SRC Energy currently has a consensus rating of “Buy” and an average price target of $15.38.

In related news, Director Paul Korus bought 5,000 shares of the business’s stock in a transaction dated Wednesday, March 29th. The shares were acquired at an average price of $8.35 per share, for a total transaction of $41,750.00. Following the purchase, the director now owns 16,910 shares in the company, valued at approximately $141,198.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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.

5 Day Chart for NASDAQ:SRCI

Want to see what other hedge funds are holding SRCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SRC Energy Inc (NASDAQ:SRCI).

Receive News & Ratings for SRC Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SRC Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.