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
SymbolNYSEAMERICAN:SRCIPrevious Symbol: NASDAQ:SRCI
Trailing P/E RatioN/A
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%
Frequently Asked Questions for SRC Energy (NYSEAMERICAN:SRCI)
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) released its quarterly earnings data on Thursday, February, 23rd. The oil and natural gas company reported $0.03 EPS for the quarter, hitting analysts' consensus estimates 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 return on equity of 19.16% and a net margin of 42.33%. The firm's revenue was up 52.4% on a year-over-year basis. During the same quarter in the prior year, the company 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 2017?
20 equities research analysts have issued 12-month price objectives for SRC Energy's shares. Their forecasts range from $5.00 to $29.00. On average, they expect SRC Energy's stock price to reach $11.97 in the next twelve months. 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. " (11/10/2017)
- 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)
- 3. Robert W. Baird analysts commented, "SYRG's January 12 update brings incremental line-of-sight to the successful upstart on the Fagerberg and Evans pads as well as the company's ability to self-fund 2017+ development, key underpinnings of our bullish thesis on shares. We continue to view risk-reward on the stock as favorable and maintain positive bias to our valuation ahead of an expected upturn in volumes in 2017." (1/17/2017)
Are investors shorting SRC Energy?
SRC Energy saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 40,637,830 shares, an increase of 1.4% from the October 13th total of 40,064,006 shares. Based on an average trading volume of 2,559,386 shares, the days-to-cover ratio is currently 15.9 days. Currently, 20.6% of the shares of the company are sold short.
Who are some of SRC Energy's key competitors?
Some companies that are related to SRC Energy include Chesapeake Energy Corporation (CHK), Texas Pacific Land Trust (TPL), Southwestern Energy Company (SWN), Kosmos Energy (KOS), Matador Resources Company (MTDR), PDC Energy (PDCE), Extraction Oil & Gas (XOG), Magellan Petroleum Corporation (TELL), Laredo Petroleum (LPI), SM Energy Company (SM), Tullow Oil plc (TLW), Clayton Williams Energy (CWEI), Gulfport Energy Corporation (GPOR), Viper Energy Partners LP (VNOM), Enerplus Corporation (ERF), Callon Petroleum Company (CPE), Whiting Petroleum Corp (WLL) and Black Stone Minerals, L.P. (BSM).
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 Spence, Chief Operating Officer – Development (Age 58)
- Cathleen M. Osborn, Vice President, General Counsel (Age 64)
- Michael 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)
Who owns SRC Energy stock?
SRC Energy's stock is owned by many different of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (5.90%), Dimensional Fund Advisors LP (5.30%), Victory Capital Management Inc. (5.25%), Fine Capital Partners L.P. (4.42%), Ameriprise Financial Inc. (2.12%) and Macquarie Group Ltd. (2.10%). 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 Bank of New York Mellon Corp, Fine Capital Partners L.P., NWQ Investment Management Company LLC, Keeley Teton Advisors LLC, Russell Investments Group Ltd., Citadel Advisors LLC, Northpointe Capital LLC and Outfitter Advisors LTD.. View Insider Buying and Selling for SRC Energy.
Who bought SRC Energy stock? Who is buying SRC Energy stock?
SRC Energy's stock was acquired by a variety of institutional investors in the last quarter, including Ameriprise Financial Inc., Dimensional Fund Advisors LP, Macquarie Group Ltd., Dean Investment Associates LLC, KBC Group NV, Icon Advisers Inc. Co., Prudential Financial Inc. and Cipher Capital LP. 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 $8.49.
How big of a company is SRC Energy?
SRC Energy has a market capitalization of $1.99 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.
Analysts' Consensus Rating for SRC Energy (NYSEAMERICAN:SRCI) (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: ||2.71||2.73||2.71||2.75|
|Ratings Breakdown: ||1 Sell Rating(s)|
6 Hold Rating(s)
16 Buy Rating(s)
1 Strong Buy Rating(s)
|0 Sell Rating(s)|
8 Hold Rating(s)
17 Buy Rating(s)
1 Strong Buy Rating(s)
|0 Sell Rating(s)|
8 Hold Rating(s)
15 Buy Rating(s)
1 Strong Buy Rating(s)
|0 Sell Rating(s)|
7 Hold Rating(s)
16 Buy Rating(s)
1 Strong Buy Rating(s)
|Consensus Price Target: ||$11.67||$11.47||$10.79||$11.00|
|Price Target Upside: ||36.29% upside||22.24% upside||36.21% upside||45.31% upside|
Consensus Price Target History for SRC Energy (NYSEAMERICAN:SRCI)
Analysts' Ratings History for SRC Energy (NYSEAMERICAN:SRCI)
(Data available from 11/25/2015 forward)
|11/14/2017||BMO Capital Markets||Set Price Target||Hold||$10.00|
|11/13/2017||Imperial Capital||Reiterated Rating||Outperform||$11.00 -> $13.00|
|11/10/2017||Robert W. Baird||Lower Price Target||Outperform||$13.00 -> $12.00|
|11/7/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$13.00|
|10/27/2017||SunTrust Banks, Inc.||Reiterated Rating||Buy||$12.00|
|10/17/2017||Scotiabank||Set Price Target||Buy||$14.00|
|10/13/2017||Stifel Nicolaus||Boost Price Target||Buy||$10.00 -> $12.00|
|10/9/2017||Jefferies Group LLC||Initiated Coverage||Buy||$12.00|
|10/2/2017||Roth Capital||Reiterated Rating||Buy||$11.00|
|9/30/2017||Stephens||Reiterated Rating||Overweight||$11.00 -> $12.00|
|8/15/2017||Citigroup Inc.||Boost Price Target||Neutral||$8.00 -> $8.50|
|6/21/2017||Seaport Global Securities||Downgrade||Buy -> Neutral||$10.00 -> $5.00|
|6/2/2017||Credit Suisse Group||Reiterated Rating||Outperform||$10.00|
|5/3/2017||Wells Fargo & Company||Downgrade||Outperform -> Market Perform|
|4/25/2017||Capital One Financial Corporation||Reiterated Rating||Overweight|
|4/17/2017||Simmons||Boost Price Target||Buy||$28.00 -> $29.00|
|4/12/2017||Piper Jaffray Companies||Reiterated Rating||Overweight||$11.00|
|2/27/2017||Canaccord Genuity||Set Price Target||Hold||$9.00|
|2/28/2017||KLR Group||Boost Price Target||Buy||$10.00 -> $11.00|
|7/6/2016||Cantor Fitzgerald||Reiterated Rating||Buy||$7.50|
|6/17/2016||Raymond James Financial, Inc.||Initiated Coverage||Strong-Buy|
|5/16/2016||Howard Weil||Upgrade||Sector Perform -> Sector Outperform||$11.00 -> $13.00|
|5/5/2016||Wunderlich||Lower Price Target||Buy||$12.00 -> $10.00|
|2/9/2016||J P Morgan Chase & Co||Lower Price Target||$10.00 -> $8.00|
Earnings History and Estimates Chart for SRC Energy (NYSEAMERICAN:SRCI)
Earnings History by Quarter for SRC Energy (NYSEAMERICAN SRCI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/22/2018|| || || || || || || || |
|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|
Earnings Estimates for SRC Energy (NYSEAMERICAN:SRCI)
No earnings estimates for this company have been tracked by MarketBeat.com
Dividend History for SRC Energy (NYSEAMERICAN:SRCI)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for SRC Energy (NYSEAMERICAN SRCI)
Insider Trades by Quarter for SRC Energy (NYSEAMERICAN SRCI)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/8/2017||Nicholas Spence||COO||Buy||8,000||$6.45||$51,600.00|| |
|3/29/2017||Paul Korus||Director||Buy||5,000||$8.35||$41,750.00|| |
|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|| |
|10/5/2016||Daniel E Kelly||Director||Buy||15,000||$6.49||$97,350.00|| |
|9/20/2016||Cathleen M Osborn||VP||Buy||2,000||$6.01||$12,020.00|| |
|9/20/2016||James P Henderson||CFO||Buy||50,000||$5.95||$297,500.00|| |
|9/20/2016||Michael Eberhard||COO||Buy||15,000||$6.11||$91,650.00|| |
|5/19/2016||Robert W Noffsinger III||Director||Sell||50,000||$5.82||$291,000.00|| |
|4/12/2016||Robert W Noffsinger III||Director||Sell||60,000||$8.07||$484,200.00|| |
|3/29/2016||Robert W Noffsinger III||Director||Sell||16,650||$7.72||$128,538.00|| |
|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|| |
|4/14/2014||Craig Duane Rasmuson||COO||Sell||10,000||$10.48||$104,800.00|| |
|1/14/2014||George Seward||Director||Buy||34,415||$8.71||$299,754.65|| |
|8/22/2013||Raymond Mcelhaney||Director||Buy||5,000||$6.67||$33,350.00|| |
|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|| |
Latest Headlines for SRC Energy (NYSEAMERICAN SRCI)
SRC Energy (NYSEAMERICAN SRCI) Chart for Saturday, November, 25, 2017