First Citizens Bank & Trust Co. Has $125,000 Position in SRC Energy Inc (SRCI)

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First Citizens Bank & Trust Co. boosted its position in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) by 87.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,335 shares of the oil and natural gas company’s stock after purchasing an additional 11,342 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in SRC Energy were worth $125,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in SRC Energy by 2.7% in the fourth quarter. BlackRock Inc. now owns 35,927,741 shares of the oil and natural gas company’s stock valued at $168,858,000 after buying an additional 939,981 shares in the last quarter. Vanguard Group Inc lifted its stake in SRC Energy by 2.5% in the third quarter. Vanguard Group Inc now owns 24,502,363 shares of the oil and natural gas company’s stock valued at $217,826,000 after buying an additional 601,541 shares in the last quarter. Vanguard Group Inc. lifted its stake in SRC Energy by 2.5% in the third quarter. Vanguard Group Inc. now owns 24,502,363 shares of the oil and natural gas company’s stock valued at $217,826,000 after buying an additional 601,541 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in SRC Energy by 10.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,318,394 shares of the oil and natural gas company’s stock valued at $76,695,000 after buying an additional 1,497,267 shares in the last quarter. Finally, LSV Asset Management lifted its stake in SRC Energy by 49.3% in the fourth quarter. LSV Asset Management now owns 8,878,442 shares of the oil and natural gas company’s stock valued at $41,728,000 after buying an additional 2,932,485 shares in the last quarter.

SRCI has been the topic of a number of research reports. Robert W. Baird set a $5.00 price target on shares of SRC Energy and gave the company a “buy” rating in a research note on Friday, February 8th. Raymond James set a $8.00 price target on shares of SRC Energy and gave the company a “buy” rating in a research note on Wednesday, January 23rd. TheStreet raised shares of SRC Energy from a “d+” rating to a “c” rating in a research note on Wednesday, March 6th. Zacks Investment Research raised shares of SRC Energy from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 26th. Finally, BMO Capital Markets cut their price target on shares of SRC Energy to $7.00 and set a “market perform” rating on the stock in a research note on Thursday, February 7th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. SRC Energy currently has an average rating of “Buy” and an average target price of $10.61.

NYSEAMERICAN SRCI opened at $6.48 on Thursday. SRC Energy Inc has a 1 year low of $4.01 and a 1 year high of $13.32.

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

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

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