About SRC Energy (NYSEAMERICAN:SRCI)
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. The D-J Basin contains hydrocarbon-bearing deposits in various formations, including the Niobrara, Codell, Greenhorn, Shannon, Sussex, J-Sand and D-Sand. The Company's drilling and completion activities are focused in the Wattenberg Field, an area that covers the western flank of the D-J Basin, predominantly in Weld County, Colorado. The Company is focused on the horizontal development of the Codell and Niobrara formations. As of December 31, 2016, the Company was the operator of 324 gross (288 net) producing wells and participated as non-operators in 307 gross (65 net) producing wells.
Industry, Sector and Symbol
Industry Oil & Gas Exploration and Production
Sub-IndustryOil & Gas Exploration & Production
Trailing P/E Ratio18.5833333333333
Forward P/E RatioN/A
Sales & Book Value
Price / SalesN/A
Price / CashN/A
Price / BookN/A
Return on Equity19.16%
Return on Assets13.17%
SRC Energy (NYSEAMERICAN:SRCI) Frequently Asked Questions
What is SRC Energy's stock symbol?
SRC Energy trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "SRCI."
How were SRC Energy's earnings last quarter?
SRC Energy Inc (NYSEAMERICAN:SRCI) posted its earnings results on Thursday, February, 23rd. The oil and natural gas company reported $0.03 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.03. The oil and natural gas company had revenue of $38.70 million for the quarter, compared to the consensus estimate of $30.88 million. SRC Energy had a net margin of 42.33% and a return on equity of 19.16%. The business's quarterly revenue was up 52.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) earnings per share. View SRC Energy's Earnings History.
When will SRC Energy make its next earnings announcement?
Where is SRC Energy's stock going? Where will SRC Energy's stock price be in 2018?
20 brokers have issued 1 year price targets for SRC Energy's shares. Their predictions range from $5.00 to $29.00. On average, they anticipate SRC Energy's share price to reach $12.18 in the next year. View Analyst Ratings for SRC Energy.
What are Wall Street analysts saying about SRC Energy stock?
Here are some recent quotes from research analysts about SRC Energy stock:
- 1. According to Zacks Investment Research, "SRC Energy Inc. is an oil and natural gas exploration and production company. It engages in the acquisition, development, exploitation, exploration and production of oil and natural gas properties, primarily located in the Wattenberg field in the D-J Basin of northeast Colorado. SRC Energy Inc., formerly known as Synergy Resources Corporation, is headquartered in Denver, CO. " (2/3/2018)
- 2. KLR Group analysts commented, "Our '17 production expectation of ~17.5 Mboepd is at the low end of company guidance (17.5-20 Mboepd). We anticipate Synergy scales Wattenberg development to a three-rig program in late '17 and to a four-rig program in '19." (2/28/2017)
Are investors shorting SRC Energy?
SRC Energy saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 32,504,594 shares, an increase of 0.7% from the January 12th total of 32,275,620 shares. Based on an average daily trading volume, of 3,886,730 shares, the days-to-cover ratio is currently 8.4 days. Approximately 13.6% of the company's stock are short sold.
Who are some of SRC Energy's key competitors?
Some companies that are related to SRC Energy include Vermilion Energy (VET), Texas Pacific Land Trust (TPL), Transportadora de Gas del Sur (TGS), PDC Energy (PDCE), Range Resources (RRC), Matador Resources (MTDR), Viper Energy Partners (VNOM), Enerplus (ERF), Chesapeake Energy (CHK), Tullow Oil (TLW), SM Energy (SM), Clayton Williams Energy (CWEI), Tellurian (TELL), Kosmos Energy (KOS), Callon Petroleum (CPE), Extraction Oil & Gas (XOG), Whiting Petroleum (WLL) and Laredo Petroleum (LPI).
Who are SRC Energy's key executives?
SRC Energy's management team includes the folowing people:
- Lynn A. Peterson, Chairman of the Board, President, Chief Executive Officer (Age 64)
- James P. Henderson, Chief Financial Officer, Executive Vice President - Finance (Age 51)
- Nicholas A Spence, Chief Operating Officer – Development (Age 58)
- Cathleen M. Osborn, Vice President, General Counsel (Age 64)
- Michael J Eberhard, Chief Operating Officer - Operations (Age 59)
- Jack N. Aydin, Independent Director (Age 76)
- Daniel E. Kelly, Independent Director (Age 58)
- Paul J. Korus, Independent Director (Age 60)
- Raymond E. McElhaney, Independent Director (Age 60)
- Jennifer S. Zucker, Independent Director
Who owns SRC Energy stock?
SRC Energy's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.98%), SailingStone Capital Partners LLC (12.21%), Victory Capital Management Inc. (4.53%), Alliancebernstein L.P. (4.16%), Fine Capital Partners L.P. (3.62%) and Goldman Sachs Group Inc. (3.48%). Company insiders that own SRC Energy stock include Cathleen M Osborn, Daniel E Kelly, James P Henderson, Lynn A Peterson, Michael Eberhard, Nicholas Spence, Paul Korus and Robert W Noffsinger III. View Institutional Ownership Trends for SRC Energy.
Who sold SRC Energy stock? Who is selling SRC Energy stock?
SRC Energy's stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Keeley Teton Advisors LLC, KBC Group NV, Bank of Montreal Can, Bank of New York Mellon Corp, Fine Capital Partners L.P., Consolidated Investment Group LLC and Dean Investment Associates LLC. View Insider Buying and Selling for SRC Energy.
Who bought SRC Energy stock? Who is buying SRC Energy stock?
SRC Energy's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Citadel Advisors LLC, SailingStone Capital Partners LLC, Goldman Sachs Group Inc., Millennium Management LLC, LSV Asset Management, Ardsley Advisory Partners and Kennedy Capital Management Inc.. Company insiders that have bought SRC Energy stock in the last two years include Cathleen M Osborn, Daniel E Kelly, James P Henderson, Lynn A Peterson, Michael Eberhard, Nicholas Spence and Paul Korus. View Insider Buying and Selling for SRC Energy.
How do I buy SRC Energy stock?
Shares of SRC Energy can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is SRC Energy's stock price today?
One share of SRC Energy stock can currently be purchased for approximately $8.92.
How big of a company is SRC Energy?
SRC Energy has a market capitalization of $2.15 billion.
How can I contact SRC Energy?
SRC Energy's mailing address is 1675 Broadway Ste 2600, DENVER, CO 80202-4626, United States. The oil and natural gas company can be reached via phone at +1-720-6164300.
MarketBeat Community Rating for SRC Energy (SRCI)MarketBeat's community ratings are surveys of what our community members think about SRC Energy and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
SRC Energy (NYSEAMERICAN:SRCI) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.65||2.60||2.75||2.69|
|Ratings Breakdown: ||0 Sell Rating(s)|
7 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
6 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
15 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$12.18||$11.97||$11.97||$11.37|
|Price Target Upside: ||39.89% upside||34.38% upside||39.88% upside||43.52% upside|
SRC Energy (NYSEAMERICAN:SRCI) Consensus Price Target History
SRC Energy (NYSEAMERICAN:SRCI) Analyst Ratings History
(Data available from 2/19/2016 forward)
SRC Energy (NYSEAMERICAN:SRCI) Earnings History and Estimates Chart
SRC Energy (NYSEAMERICAN SRCI) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/22/2018|| || || || || || || || |
|11/1/2017||Q3 2017||$0.18||$0.22||$99.64 million||$103.59 million||View||N/A|
|8/3/2017||Q2 2017||$0.11||$0.14||$68.08 million||$75.04 million||View||N/A|
|5/4/2017||Q1 2017||$0.04||$0.10||$43.60 million||$45.06 million||View||Listen|
|2/23/2017||Q4 2016||$0.03||$0.03||$30.88 million||$38.70 million||View||N/A|
|11/3/2016||Q316||($0.01)||$0.03||$26.70 million||$26.20 million||View||N/A|
|8/4/2016||Q216||($0.02)||($0.06)||$24.90 million||$23.90 million||View||N/A|
|1/8/2016||Q116||($0.04)||$31.26 million||$26.10 million||View||N/A|
|10/15/2015||Q415||$0.01||($0.05)||$36.04 million||$32.60 million||View||Listen|
|4/9/2015||Q215||$0.04||$0.05||$25.54 million||$23.70 million||View||N/A|
|1/9/2015||Q215||$0.12||$0.26||$41.62 million||$42.50 million||View||N/A|
|10/28/2014||Q115||$0.13||$0.13||$37.01 million||$36.30 million||View||N/A|
|7/9/2014||Q3 14||$0.10||$0.09||$27.99 million||$25.70 million||View||N/A|
|1/7/2014||Q1||$0.08||$0.08||$20.91 million||$19.30 million||View||Listen|
|1/9/2013||Q1 2013||$0.05||$0.04||$8.45 million||$8.30 million||View||N/A|
SRC Energy (NYSEAMERICAN:SRCI) Earnings Estimates
2018 EPS Consensus Estimate: $1.01
2019 EPS Consensus Estimate: $1.16
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for SRC Energy (NYSEAMERICAN:SRCI)
No dividend announcements for this company have been tracked by MarketBeat.com
SRC Energy (NYSEAMERICAN SRCI) Insider Trading and Institutional Ownership History
SRC Energy (NYSEAMERICAN SRCI) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|6/8/2017||Nicholas Spence||COO||Buy||8,000||$6.45||$51,600.00||108,222|| |
|3/29/2017||Paul Korus||Director||Buy||5,000||$8.35||$41,750.00||16,910|| |
|1/26/2017||Nicholas Spence||COO||Buy||600||$8.89||$5,334.00|| |
|10/6/2016||Lynn A Peterson||CEO||Buy||49,071||$6.00||$294,426.00||489,367|| |
|10/5/2016||Daniel E Kelly||Director||Buy||15,000||$6.49||$97,350.00||31,272|| |
|9/20/2016||Cathleen M Osborn||VP||Buy||2,000||$6.01||$12,020.00||81,300|| |
|9/20/2016||James P Henderson||CFO||Buy||50,000||$5.95||$297,500.00||179,605|| |
|9/20/2016||Michael Eberhard||COO||Buy||15,000||$6.11||$91,650.00||93,763|| |
|5/19/2016||Robert W Noffsinger III||Director||Sell||50,000||$5.82||$291,000.00||89,965|| |
|4/12/2016||Robert W Noffsinger III||Director||Sell||60,000||$8.07||$484,200.00||139,965|| |
|3/29/2016||Robert W Noffsinger III||Director||Sell||16,650||$7.72||$128,538.00||201,115|| |
|8/14/2015||Valerie Sue Dunn||Insider||Sell||5,000||$10.21||$51,050.00|| |
|6/2/2015||Robert W Noffsinger III||Director||Sell||100,000||$11.49||$1,149,000.00|| |
|1/14/2015||Edward A Holloway||CEO||Sell||75,000||$13.09||$981,750.00|| |
|1/2/2015||Frank L Jennings||CFO||Sell||10,000||$12.33||$123,300.00|| |
|1/2/2015||William E Scaff Jr||CEO||Sell||50,000||$12.32||$616,000.00|| |
|12/19/2014||Edward A Holloway||CEO||Sell||50,000||$13.03||$651,500.00|| |
|12/2/2014||Frank L Jennings||CFO||Sell||10,000||$10.00||$100,000.00|| |
|12/2/2014||William E Scaff Jr||CEO||Sell||50,000||$10.05||$502,500.00|| |
|11/20/2014||Edward A Holloway||CEO||Sell||100,000||$13.08||$1,308,000.00|| |
|11/3/2014||Frank L Jennings||CFO||Sell||10,000||$12.10||$121,000.00|| |
|11/3/2014||William E Scaff Jr||CEO||Sell||50,000||$12.09||$604,500.00|| |
|10/1/2014||Frank L Jennings||CFO||Sell||10,000||$11.94||$119,400.00|| |
|10/1/2014||William E Scaff Jr||Insider||Sell||100,000||$11.75||$1,175,000.00|| |
|9/15/2014||George L Seward||Director||Buy||41,189||$12.60||$518,981.40|| |
|9/4/2014||George L Seward||Director||Buy||10,000||$13.08||$130,800.00|| |
|9/2/2014||Edward A Holloway||CEO||Sell||50,000||$13.48||$674,000.00|| |
|9/2/2014||Frank L Jennings||CFO||Sell||10,000||$13.48||$134,800.00|| |
|7/16/2014||George L Seward||Director||Buy||20,000||$12.05||$241,000.00|| |
|5/2/2014||Bill Conrad||Director||Sell||20,000||$11.46||$229,200.00||222,225|| |
|4/14/2014||Craig Duane Rasmuson||COO||Sell||10,000||$10.48||$104,800.00||20,000|| |
|1/14/2014||George Seward||Director||Buy||34,415||$8.71||$299,754.65||1,999,990|| |
|8/22/2013||Raymond Mcelhaney||Director||Buy||5,000||$6.67||$33,350.00||275,725|| |
|6/19/2013||Raymond E Mcelhaney||Director||Buy||25,000||$6.25||$156,250.00|| |
|6/6/2013||George L Seward||Director||Buy||22,202||$4.08||$90,584.16|| |
|1/24/2013||George L Seward||Director||Buy||50,000||$5.86||$293,000.00|| |
|1/16/2013||Rick Wilber||Director||Buy||50,000||$5.86||$293,000.00|| |
|12/20/2012||George L Seward||Director||Buy||5,000||$5.14||$25,700.00|| |
|12/17/2012||George L Seward||Director||Buy||20,000||$4.75||$95,000.00|| |
|12/13/2012||George L Seward||Director||Buy||170,000||$4.44||$754,800.00|| |
|12/11/2012||George L Seward||Director||Buy||32,329||$4.34||$140,307.86|| |
|9/24/2012||George L Seward||Director||Buy||31,454||$3.33||$104,741.82|| |
|8/8/2012||Rick Wilber||Director||Buy||20,000||$2.89||$57,800.00|| |
SRC Energy (NYSEAMERICAN SRCI) News Headlines
SRC Energy (NYSEAMERICAN:SRCI) SEC Filings
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SRC Energy (NYSEAMERICAN:SRCI) Income Statement, Balance Sheet and Cash Flow Statement
SRC Energy (NYSEAMERICAN SRCI) Stock Chart for Monday, February, 19, 2018