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.
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.
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