HighTower Advisors LLC Takes $1.68 Million Position in SRC Energy Inc (SRCI)

HighTower Advisors LLC acquired a new stake in SRC Energy Inc (NASDAQ:SRCI) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 248,895 shares of the oil and natural gas company’s stock, valued at approximately $1,676,000. HighTower Advisors LLC owned approximately 0.12% of SRC Energy at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UBS Group AG acquired a new stake in SRC Energy in the 1st quarter valued at $101,000. Piedmont Investment Advisors LLC acquired a new stake in SRC Energy in the 1st quarter valued at $101,000. World Asset Management Inc acquired a new stake in SRC Energy in the 1st quarter valued at $106,000. OppenheimerFunds Inc. acquired a new stake in SRC Energy in the 1st quarter valued at $118,000. Finally, Teacher Retirement System of Texas acquired a new stake in SRC Energy in the 1st quarter valued at $127,000.

SRC Energy Inc (NASDAQ SRCI) opened at 9.34 on Tuesday. SRC Energy Inc has a 1-year low of $6.19 and a 1-year high of $10.38. The stock’s 50 day moving average is $7.96 and its 200 day moving average is $7.59. The firm has a market capitalization of $1.88 billion and a price-to-earnings ratio of 55.27.

SRC Energy (NASDAQ:SRCI) last announced its earnings results on Thursday, August 3rd. The oil and natural gas company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The company had revenue of $75.04 million during the quarter, compared to the consensus estimate of $68.08 million. SRC Energy had a net margin of 37.23% and a return on equity of 12.75%. Analysts predict that SRC Energy Inc will post $0.59 EPS for the current fiscal year.

WARNING: “HighTower Advisors LLC Takes $1.68 Million Position in SRC Energy Inc (SRCI)” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/10/hightower-advisors-llc-takes-1-68-million-position-in-src-energy-inc-srci.html.

SRCI has been the topic of several recent research reports. BMO Capital Markets set a $9.00 price target on shares of SRC Energy and gave the company a “hold” rating in a research note on Sunday, August 13th. Stephens reiterated an “overweight” rating and issued a $12.00 price target (up from $11.00) on shares of SRC Energy in a research note on Saturday, September 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $13.00 price target on shares of SRC Energy in a research note on Thursday, October 5th. Robert W. Baird reiterated a “buy” rating and issued a $12.00 price target on shares of SRC Energy in a research note on Friday, September 1st. Finally, Roth Capital reiterated a “buy” rating and issued a $11.00 price target on shares of SRC Energy in a research note on Monday, October 2nd. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $11.46.

SRC Energy Profile

SRC Energy Inc, formerly Synergy Resources Corporation, is an independent oil and natural gas company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in and around the Denver-Julesburg Basin (D-J Basin) of Colorado. The D-J Basin generally extends from the Denver metropolitan area throughout northeast Colorado into Wyoming, Nebraska, and Kansas.

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Other institutional investors and hedge funds also recently bought and sold shares of the company. UBS Group AG acquired a new stake in SRC Energy in the 1st quarter valued at $101,000. Piedmont Investment Advisors LLC acquired a new stake in SRC Energy in the 1st quarter valued at $101,000. World Asset Management Inc acquired a new stake in SRC Energy in the 1st quarter valued at $106,000. OppenheimerFunds Inc. acquired a new stake in SRC Energy in the 1st quarter valued at $118,000. Finally, Teacher Retirement System of Texas acquired a new stake in SRC Energy in the 1st quarter valued at $127,000.

SRC Energy Inc (NASDAQ SRCI) opened at 9.34 on Tuesday. SRC Energy Inc has a 1-year low of $6.19 and a 1-year high of $10.38. The stock’s 50 day moving average is $7.96 and its 200 day moving average is $7.59. The firm has a market capitalization of $1.88 billion and a price-to-earnings ratio of 55.27.

SRC Energy (NASDAQ:SRCI) last announced its earnings results on Thursday, August 3rd. The oil and natural gas company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The company had revenue of $75.04 million during the quarter, compared to the consensus estimate of $68.08 million. SRC Energy had a net margin of 37.23% and a return on equity of 12.75%. Analysts predict that SRC Energy Inc will post $0.59 EPS for the current fiscal year.

WARNING: “HighTower Advisors LLC Takes $1.68 Million Position in SRC Energy Inc (SRCI)” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/10/hightower-advisors-llc-takes-1-68-million-position-in-src-energy-inc-srci.html.

SRCI has been the topic of several recent research reports. BMO Capital Markets set a $9.00 price target on shares of SRC Energy and gave the company a “hold” rating in a research note on Sunday, August 13th. Stephens reiterated an “overweight” rating and issued a $12.00 price target (up from $11.00) on shares of SRC Energy in a research note on Saturday, September 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $13.00 price target on shares of SRC Energy in a research note on Thursday, October 5th. Robert W. Baird reiterated a “buy” rating and issued a $12.00 price target on shares of SRC Energy in a research note on Friday, September 1st. Finally, Roth Capital reiterated a “buy” rating and issued a $11.00 price target on shares of SRC Energy in a research note on Monday, October 2nd. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $11.46.

SRC Energy Profile

SRC Energy Inc, formerly Synergy Resources Corporation, is an independent oil and natural gas company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in and around the Denver-Julesburg Basin (D-J Basin) of Colorado. The D-J Basin generally extends from the Denver metropolitan area throughout northeast Colorado into Wyoming, Nebraska, and Kansas.

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

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