GSA Capital Partners LLP Acquires 71,952 Shares of SRC Energy Inc (NYSEAMERICAN:SRCI)

GSA Capital Partners LLP lifted its stake in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) by 362.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,778 shares of the oil and natural gas company’s stock after buying an additional 71,952 shares during the period. GSA Capital Partners LLP’s holdings in SRC Energy were worth $887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Municipal Employees Retirement System of Michigan boosted its holdings in shares of SRC Energy by 3.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 47,380 shares of the oil and natural gas company’s stock worth $319,000 after purchasing an additional 1,670 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in SRC Energy by 3.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 15,503 shares of the oil and natural gas company’s stock valued at $104,000 after acquiring an additional 502 shares during the period. Rhumbline Advisers boosted its holdings in SRC Energy by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 400,639 shares of the oil and natural gas company’s stock valued at $2,696,000 after acquiring an additional 12,885 shares during the period. Legal & General Group Plc boosted its holdings in SRC Energy by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 393,557 shares of the oil and natural gas company’s stock valued at $2,646,000 after acquiring an additional 63,610 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in SRC Energy by 28.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 93,248 shares of the oil and natural gas company’s stock valued at $628,000 after acquiring an additional 20,557 shares during the period.

SRCI has been the subject of several research reports. SunTrust Banks reissued a “buy” rating and issued a $12.00 target price on shares of SRC Energy in a research report on Friday, October 27th. BidaskClub lowered SRC Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Stephens reiterated an “overweight” rating and set a $12.00 target price (up from $11.00) on shares of SRC Energy in a research note on Saturday, September 30th. Imperial Capital assumed coverage on SRC Energy in a research note on Thursday, September 28th. They issued an “outperform” rating and a $11.00 price target on the stock. Finally, Royal Bank of Canada restated a “buy” rating and issued a $13.00 price target on shares of SRC Energy in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $11.88.

Shares of SRC Energy Inc (SRCI) opened at $8.85 on Thursday. SRC Energy Inc has a one year low of $6.19 and a one year high of $10.22. The company has a market cap of $2,120.00, a price-to-earnings ratio of 18.44 and a beta of 1.55.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://ledgergazette.com/2018/01/11/gsa-capital-partners-llp-buys-71952-shares-of-src-energy-inc-srci.html.

About SRC Energy

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.

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

Receive News & Ratings for SRC Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SRC Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply