Q3 2019 Earnings Estimate for SRC Energy Inc Issued By KeyCorp (NYSEAMERICAN:SRCI)

SRC Energy Inc (NYSEAMERICAN:SRCI) – Investment analysts at KeyCorp decreased their Q3 2019 earnings per share estimates for SRC Energy in a research report issued on Thursday, August 1st. KeyCorp analyst L. Mariani now expects that the oil and natural gas company will post earnings per share of $0.20 for the quarter, down from their prior estimate of $0.22. KeyCorp currently has a “Overweight” rating and a $7.00 target price on the stock. KeyCorp also issued estimates for SRC Energy’s Q1 2020 earnings at $0.21 EPS, Q2 2020 earnings at $0.17 EPS, Q3 2020 earnings at $0.19 EPS, Q4 2020 earnings at $0.20 EPS and FY2020 earnings at $0.78 EPS.

SRC Energy (NYSEAMERICAN:SRCI) last released its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported $0.22 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.22. The company had revenue of $162.60 million during the quarter, compared to analyst estimates of $179.12 million.

A number of other equities research analysts have also commented on the company. Robert W. Baird set a $10.00 price objective on SRC Energy and gave the stock a “buy” rating in a research report on Friday, May 17th. Zacks Investment Research lowered SRC Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Cowen started coverage on SRC Energy in a research report on Tuesday, April 9th. They set an “outperform” rating and a $8.00 price objective for the company. Pivotal Research started coverage on SRC Energy in a research report on Wednesday, May 29th. They set a “buy” rating and a $37.29 price objective for the company. Finally, Raymond James restated a “strong-buy” rating and set a $6.00 price objective (down from $7.00) on shares of SRC Energy in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $11.44.

NYSEAMERICAN:SRCI opened at $3.97 on Monday. SRC Energy has a 1-year low of $3.17 and a 1-year high of $11.18.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GW&K Investment Management LLC bought a new position in SRC Energy in the 2nd quarter worth approximately $258,000. GSA Capital Partners LLP bought a new position in SRC Energy in the 2nd quarter worth approximately $462,000. Caymus Capital Partners L.P. bought a new position in SRC Energy in the 2nd quarter worth approximately $9,833,000. Eagle Asset Management Inc. increased its position in SRC Energy by 0.7% in the 2nd quarter. Eagle Asset Management Inc. now owns 496,932 shares of the oil and natural gas company’s stock worth $2,464,000 after buying an additional 3,428 shares during the period. Finally, Chicago Equity Partners LLC increased its position in SRC Energy by 182.6% in the 2nd quarter. Chicago Equity Partners LLC now owns 415,562 shares of the oil and natural gas company’s stock worth $2,061,000 after buying an additional 268,537 shares during the period.

SRC Energy Company Profile

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.

Featured Story: Penny Stocks

Earnings History and Estimates for SRC Energy (NYSEAMERICAN:SRCI)

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