Janus Henderson Group PLC bought a new position in SRC Energy Inc (NYSEAMERICAN:SRCI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 13,042 shares of the oil and natural gas company’s stock, valued at approximately $65,000.
A number of other institutional investors have also recently added to or reduced their stakes in SRCI. Marshall Wace LLP purchased a new stake in SRC Energy in the 1st quarter worth approximately $14,025,000. Westwood Holdings Group Inc. grew its holdings in SRC Energy by 56.9% during the 1st quarter. Westwood Holdings Group Inc. now owns 4,775,078 shares of the oil and natural gas company’s stock valued at $24,449,000 after buying an additional 1,732,493 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in SRC Energy by 10.1% during the 4th 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. Marshall Wace North America L.P. purchased a new stake in SRC Energy during the 1st quarter valued at approximately $5,503,000. Finally, First Trust Advisors LP grew its holdings in SRC Energy by 1,083.8% during the 2nd quarter. First Trust Advisors LP now owns 931,491 shares of the oil and natural gas company’s stock valued at $4,620,000 after buying an additional 852,804 shares in the last quarter.
A number of equities research analysts have issued reports on the stock. Robert W. Baird set a $10.00 price objective on shares of SRC Energy and gave the company a “buy” rating in a report on Friday, May 17th. Jefferies Financial Group set a $6.00 price objective on shares of SRC Energy and gave the company a “buy” rating in a report on Wednesday, August 21st. KeyCorp assumed coverage on shares of SRC Energy in a report on Tuesday, May 28th. They set an “overweight” rating and a $7.00 price objective for the company. Wells Fargo & Co reaffirmed a “buy” rating on shares of SRC Energy in a report on Monday, August 12th. Finally, MKM Partners lowered shares of SRC Energy from a “buy” rating to a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. SRC Energy currently has an average rating of “Buy” and a consensus price target of $10.69.
SRC Energy (NYSEAMERICAN:SRCI) last posted its earnings results on Wednesday, July 31st. The oil and natural gas company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $162.60 million for the quarter, compared to the consensus estimate of $179.12 million.
SRC Energy 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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