SRC Energy Inc (NYSEAMERICAN:SRCI) was the target of some unusual options trading activity on Thursday. Stock investors purchased 5,034 call options on the stock. This represents an increase of 2,482% compared to the typical volume of 195 call options.
SRCI has been the topic of several recent research reports. Zacks Investment Research raised shares of SRC Energy from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Friday, July 13th. Seaport Global Securities reaffirmed a “neutral” rating on shares of SRC Energy in a report on Tuesday, July 24th. Jefferies Financial Group set a $15.00 target price on shares of SRC Energy and gave the stock a “buy” rating in a report on Friday, August 3rd. Robert W. Baird cut shares of SRC Energy from an “outperform” rating to a “hold” rating and set a $10.00 target price on the stock. in a report on Tuesday, August 14th. Finally, KLR Group reaffirmed a “buy” rating and set a $15.00 target price on shares of SRC Energy in a report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. SRC Energy presently has an average rating of “Hold” and an average price target of $12.63.
NYSEAMERICAN:SRCI traded down $0.26 during mid-day trading on Friday, reaching $7.44. The stock had a trading volume of 2,951,015 shares, compared to its average volume of 3,105,024. SRC Energy has a 12 month low of $6.68 and a 12 month high of $13.32.
SRC Energy (NYSEAMERICAN:SRCI) last announced its quarterly earnings data on Wednesday, October 31st. The oil and natural gas company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $160.98 million during the quarter, compared to the consensus estimate of $155.20 million.
In related news, CFO James P. Henderson purchased 10,000 shares of the stock in a transaction on Tuesday, August 14th. The shares were purchased at an average cost of $9.26 per share, with a total value of $92,600.00. Following the acquisition, the chief financial officer now directly owns 252,412 shares in the company, valued at $2,337,335.12. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Lynn A. Peterson purchased 20,000 shares of the stock in a transaction on Tuesday, August 14th. The stock was bought at an average cost of $9.26 per share, for a total transaction of $185,200.00. Following the completion of the acquisition, the chief executive officer now owns 626,591 shares in the company, valued at $5,802,232.66. The disclosure for this purchase can be found here. Insiders purchased a total of 40,000 shares of company stock valued at $353,500 over the last quarter.
Large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. acquired a new stake in SRC Energy in the second quarter valued at approximately $126,000. Delphi Management Inc. MA acquired a new stake in SRC Energy in the second quarter valued at approximately $128,000. Cim Investment Mangement Inc. acquired a new stake in SRC Energy in the second quarter valued at approximately $138,000. Allen Capital Group LLC acquired a new stake in SRC Energy in the third quarter valued at approximately $144,000. Finally, Natixis acquired a new stake in SRC Energy in the first quarter valued at approximately $170,000.
SRC Energy Company Profile
SRC Energy Inc, an independent 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, 2017, it had net proved oil and natural gas reserves of 69.4 million barrels of oil and condensate, 559.9 billion cubic feet of natural gas, and 64.0 million barrels of natural gas liquids; and operated 551 net producing wells, as well as had 98,600 gross and 88,300 net acres under lease in the Wattenberg Field.
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