GSA Capital Partners LLP Sells 11,934 Shares of SRC Energy Inc (SRCI)

GSA Capital Partners LLP decreased its position in SRC Energy Inc (NYSEAMERICAN:SRCI) by 27.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,838 shares of the oil and natural gas company’s stock after selling 11,934 shares during the period. GSA Capital Partners LLP’s holdings in SRC Energy were worth $300,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Sei Investments Co. increased its stake in SRC Energy by 21.8% in the 1st quarter. Sei Investments Co. now owns 47,503 shares of the oil and natural gas company’s stock valued at $448,000 after buying an additional 8,491 shares during the last quarter. Russell Investments Group Ltd. increased its stake in SRC Energy by 93.2% in the 1st quarter. Russell Investments Group Ltd. now owns 169,237 shares of the oil and natural gas company’s stock valued at $1,596,000 after buying an additional 81,643 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in SRC Energy by 324.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 719,211 shares of the oil and natural gas company’s stock valued at $6,782,000 after buying an additional 549,747 shares during the last quarter. Citigroup Inc. increased its stake in SRC Energy by 790.8% in the 1st quarter. Citigroup Inc. now owns 144,572 shares of the oil and natural gas company’s stock valued at $1,378,000 after buying an additional 128,343 shares during the last quarter. Finally, Isthmus Partners LLC increased its stake in SRC Energy by 5.6% in the 1st quarter. Isthmus Partners LLC now owns 86,465 shares of the oil and natural gas company’s stock valued at $815,000 after buying an additional 4,566 shares during the last quarter.

SRCI has been the subject of several research analyst reports. Stephens restated a “buy” rating and set a $14.00 price target on shares of SRC Energy in a research note on Thursday, March 15th. Jefferies Financial Group set a $13.00 price target on shares of SRC Energy and gave the stock a “buy” rating in a research note on Monday, March 19th. Capital One Financial lowered shares of SRC Energy from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 24th. Imperial Capital raised their price target on shares of SRC Energy from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, May 4th. Finally, KeyCorp set a $14.00 price target on shares of SRC Energy and gave the stock a “buy” rating in a research note on Monday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. SRC Energy currently has an average rating of “Buy” and a consensus price target of $12.72.

SRC Energy opened at $11.15 on Thursday, according to Marketbeat Ratings. SRC Energy Inc has a 12 month low of $6.40 and a 12 month high of $13.32.

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

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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