SRC Energy (SRCI) Set to Announce Quarterly Earnings on Wednesday

SRC Energy (NYSEAMERICAN:SRCI) will announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.22 per share for the quarter.

SRC Energy (NYSEAMERICAN:SRCI) last released its quarterly earnings data on Wednesday, February 20th. The oil and natural gas company reported $0.30 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $190.34 million for the quarter, compared to analyst estimates of $186.18 million.

SRCI opened at $6.58 on Wednesday. SRC Energy has a 1-year low of $4.01 and a 1-year high of $13.32.

Several brokerages have recently commented on SRCI. Cowen began coverage on shares of SRC Energy in a report on Tuesday, April 9th. They issued an “outperform” rating and a $8.00 target price for the company. BMO Capital Markets lowered their target price on shares of SRC Energy to $7.00 and set a “market perform” rating for the company in a report on Thursday, February 7th. Imperial Capital reiterated an “outperform” rating and issued a $14.00 target price (up previously from $11.00) on shares of SRC Energy in a report on Friday, February 8th. Ifs Securities upgraded shares of SRC Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, February 7th. Finally, Raymond James set a $8.00 target price on shares of SRC Energy and gave the company a “buy” rating in a report on Wednesday, January 23rd. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $10.61.

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About SRC Energy

SRC Energy Inc, an oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Denver-Julesburg Basin of Colorado. As of December 31, 2018, it had net proved oil and natural gas reserves of 88 million barrels of oil and condensate, 771.9 billion cubic feet of natural gas, and 89.1 million barrels of natural gas liquids; and operated 985 net producing wells, as well as had 95,200 gross and 86,200 net acres under lease in the Wattenberg Field.

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Earnings History for SRC Energy (NYSEAMERICAN:SRCI)

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