SRC Energy (SRCI) Shares Sold by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL decreased its position in SRC Energy (NYSEAMERICAN:SRCI) by 15.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,500 shares of the oil and natural gas company’s stock after selling 25,174 shares during the quarter. Virginia Retirement Systems ET AL owned 0.06% of SRC Energy worth $1,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of SRC Energy by 22.4% during the fourth quarter. BlackRock Inc. now owns 31,331,828 shares of the oil and natural gas company’s stock worth $267,260,000 after acquiring an additional 5,742,695 shares during the period. SailingStone Capital Partners LLC increased its position in shares of SRC Energy by 13.3% during the fourth quarter. SailingStone Capital Partners LLC now owns 29,460,468 shares of the oil and natural gas company’s stock worth $251,298,000 after acquiring an additional 3,448,982 shares during the period. Victory Capital Management Inc. increased its position in shares of SRC Energy by 3.8% during the fourth quarter. Victory Capital Management Inc. now owns 10,944,544 shares of the oil and natural gas company’s stock worth $93,357,000 after acquiring an additional 397,554 shares during the period. Alliancebernstein L.P. increased its position in shares of SRC Energy by 2.0% during the fourth quarter. Alliancebernstein L.P. now owns 10,043,208 shares of the oil and natural gas company’s stock worth $85,669,000 after acquiring an additional 201,395 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of SRC Energy by 56.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 8,387,223 shares of the oil and natural gas company’s stock worth $71,543,000 after acquiring an additional 3,037,992 shares during the period.

SRC Energy opened at $11.96 on Tuesday, Marketbeat Ratings reports. SRC Energy has a 12 month low of $12.02 and a 12 month high of $12.18.

SRC Energy (NYSEAMERICAN:SRCI) last released its quarterly earnings data on Wednesday, May 2nd. The oil and natural gas company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. SRC Energy had a net margin of 36.53% and a return on equity of 18.08%. The company had revenue of $147.23 million during the quarter, compared to the consensus estimate of $146.40 million.

A number of analysts have recently weighed in on SRCI shares. Stephens reaffirmed a “buy” rating and set a $14.00 price objective on shares of SRC Energy in a research report on Thursday, March 15th. Zacks Investment Research lowered SRC Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Jefferies Group set a $13.00 price objective on SRC Energy and gave the stock a “buy” rating in a research report on Monday, March 19th. Imperial Capital reaffirmed an “outperform” rating and set a $16.00 price objective (up previously from $14.00) on shares of SRC Energy in a research report on Thursday, February 1st. Finally, Capital One lowered SRC Energy from an “overweight” rating to an “equal weight” rating in a report on Tuesday, April 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. SRC Energy presently has an average rating of “Hold” and an average price target of $12.03.

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

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