SRC Energy Company Profile (NYSEMKT:SRCI)

About SRC Energy (NYSEMKT:SRCI)

SRC Energy logoSRC 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:
  • Sector: Energy
  • Industry: Oil & Gas Exploration and Production
  • Sub-Industry: Oil & Gas Exploration & Production
  • Symbol: NYSEMKT:SRCI
  • CUSIP: 87164P10
  • Web: www.syrginfo.com/
Capitalization:
  • Market Cap: $1.68 billion
  • Outstanding Shares: 200,873,000
Average Prices:
  • 50 Day Moving Avg: $7.96
  • 200 Day Moving Avg: $7.58
  • 52 Week Range: $5.87 - $10.38
P/E:
  • Trailing P/E Ratio: 49.53
  • Foreward P/E Ratio: 9.40
  • P/E Growth: 0.27
Sales & Book Value:
  • Annual Revenue: $172.33 million
  • Price / Sales: 9.76
  • Book Value: $4.45 per share
  • Price / Book: 1.88
Profitability:
  • EBIDTA: $122.86 million
  • Net Margins: 37.23%
  • Return on Equity: 12.75%
  • Return on Assets: 9.66%
Misc:
  • Average Volume: 2.73 million shs.
  • Short Ratio: 16.27
 

Frequently Asked Questions for SRC Energy (NYSEMKT:SRCI)

What is SRC Energy's stock symbol?

SRC Energy trades on the New York Stock Exchange (NYSE)MKT under the ticker symbol "SRCI."

How were SRC Energy's earnings last quarter?

SRC Energy Inc (NYSEMKT:SRCI) issued its quarterly earnings results on Thursday, February, 23rd. The company reported $0.03 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.03. The 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 37.23% and a return on equity of 12.75%. The firm's quarterly revenue was up 52.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) EPS. View SRC Energy's Earnings History.

When will SRC Energy make its next earnings announcement?

SRC Energy is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for SRC Energy.

Where is SRC Energy's stock going? Where will SRC Energy's stock price be in 2017?

12 analysts have issued 1 year price objectives for SRC Energy's shares. Their predictions range from $5.00 to $15.00. On average, they anticipate SRC Energy's share price to reach $10.56 in the next year. View Analyst Ratings for SRC Energy.

What are analysts saying about SRC Energy stock?

Here are some recent quotes from research analysts about SRC Energy stock:

  • 1. 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)
  • 2. 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)
  • 3. According to Zacks Investment Research, "Synergy Resources Corporation operates as an oil and natural gas company engaged in the exploration and production of oil and natural gas in the Denver-Julesburg Basin. Synergy Resources Corporation has its corporate offices located in Platteville, Colorado. " (1/14/2017)

Who are some of SRC Energy's key competitors?

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
  • James P. Henderson, Chief Financial Officer, Executive Vice President - Finance
  • Nicholas Spence, Chief Operating Officer – Development
  • Cathleen M. Osborn, Vice President, General Counsel
  • Michael Eberhard, Chief Operating Officer - Operations
  • Jack N. Aydin, Independent Director
  • Daniel E. Kelly, Independent Director
  • Paul J. Korus, Independent Director
  • Raymond E. McElhaney, Independent Director

How do I buy SRC Energy stock?

Shares of SRC Energy can be purchased through any online brokerage account. Popular online brokerages 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 $8.37.


MarketBeat Community Rating for SRC Energy (NYSEMKT SRCI)
Community Ranking:  3.6 out of 5 (star star star)
Outperform Votes:  497 (Vote Outperform)
Underperform Votes:  203 (Vote Underperform)
Total Votes:  700
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.

Analyst Ratings

Consensus Ratings for SRC Energy (NYSEMKT:SRCI) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Hold Ratings, 8 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $10.56

Analysts' Ratings History for SRC Energy (NYSEMKT:SRCI)
Show:
DateFirmActionRatingPrice TargetDetails
6/21/2017Seaport Global SecuritiesDowngradeBuy -> Neutral$10.00 -> $5.00View Rating Details
4/25/2017Capital One Financial Corp.Reiterated RatingOverweightView Rating Details
4/12/2017Piper Jaffray CompaniesReiterated RatingOverweight$11.00View Rating Details
2/27/2017Canaccord GenuitySet Price TargetHold$9.00View Rating Details
2/28/2017KLR GroupBoost Price TargetBuy$10.00 -> $11.00View Rating Details
2/24/2017ScotiabankSet Price TargetBuy$15.00View Rating Details
1/17/2017Robert W. BairdReiterated RatingOutperform$10.00View Rating Details
1/11/2017BMO Capital MarketsReiterated RatingHold$10.00View Rating Details
1/4/2017Citigroup Inc.DowngradeBuy -> NeutralView Rating Details
1/3/2017Royal Bank Of CanadaReiterated RatingBuy$12.00View Rating Details
11/22/2016KeyCorpBoost Price TargetOverweight$10.00 -> $12.00View Rating Details
10/25/2016Wells Fargo & CoInitiated CoverageOutperformView Rating Details
9/21/2016Credit Suisse GroupInitiated CoverageOutperform$9.00View Rating Details
9/8/2016SimmonsLower Price TargetOverweight$11.00 -> $10.00View Rating Details
9/6/2016Roth CapitalSet Price TargetBuy$9.00View Rating Details
8/2/2016Imperial CapitalDowngradeOutperform -> In-Line$7.50 -> $6.50View Rating Details
7/6/2016Cantor FitzgeraldReiterated RatingBuy$7.50View Rating Details
6/17/2016Raymond James Financial, Inc.Initiated CoverageStrong-BuyView Rating Details
6/1/2016StephensUpgradeEqual Weight -> OverweightView Rating Details
5/16/2016Howard WeilUpgradeSector Perform -> Sector Outperform$11.00 -> $13.00View Rating Details
5/5/2016WunderlichLower Price TargetBuy$12.00 -> $10.00View Rating Details
3/8/2016Stifel NicolausLower Price TargetBuy$10.00 -> $8.00View Rating Details
2/9/2016J P Morgan Chase & CoLower Price Target$10.00 -> $8.00View Rating Details
10/19/2015SunTrust Banks, Inc.Reiterated RatingBuy$13.00 -> $14.00View Rating Details
10/19/2015Northland SecuritiesReiterated RatingOutperform$15.00 -> $14.00View Rating Details
(Data available from 9/25/2015 forward)

Earnings

Earnings History for SRC Energy (NYSEMKT:SRCI)
Earnings by Quarter for SRC Energy (NYSEMKT:SRCI)
Earnings History by Quarter for SRC Energy (NYSEMKT SRCI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/2/2017        
2/23/2017Q4 2016$0.03$0.03$30.88 million$38.70 millionViewN/AView Earnings Details
11/3/2016Q316($0.01)$0.03$26.70 million$26.20 millionViewN/AView Earnings Details
8/4/2016Q216($0.02)($0.06)$24.90 million$23.90 millionViewN/AView Earnings Details
1/8/2016Q116($0.04)$31.26 million$26.10 millionViewN/AView Earnings Details
10/15/2015Q415$0.01($0.05)$36.04 million$32.60 millionViewListenView Earnings Details
7/9/2015Q315$0.01($0.02)$26.00 millionViewN/AView Earnings Details
4/9/2015Q215$0.04$0.05$25.54 million$23.70 millionViewN/AView Earnings Details
1/9/2015Q215$0.12$0.26$41.62 million$42.50 millionViewN/AView Earnings Details
10/28/2014Q115$0.13$0.13$37.01 million$36.30 millionViewN/AView Earnings Details
7/9/2014Q3 14$0.10$0.09$27.99 million$25.70 millionViewN/AView Earnings Details
4/4/2014$0.09$0.09ViewN/AView Earnings Details
1/7/2014Q1$0.08$0.08$20.91 million$19.30 millionViewListenView Earnings Details
11/5/2013$0.05$0.04ViewN/AView Earnings Details
1/9/2013Q1 2013$0.05$0.04$8.45 million$8.30 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for SRC Energy (NYSEMKT:SRCI)
Current Year EPS Consensus Estimate: $0.60 EPS
Next Year EPS Consensus Estimate: $0.89 EPS

Dividends

Dividend History for SRC Energy (NYSEMKT:SRCI)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for SRC Energy (NYSEMKT:SRCI)
Insider Trades by Quarter for SRC Energy (NYSEMKT:SRCI)
Institutional Ownership by Quarter for SRC Energy (NYSEMKT:SRCI)
Insider Trades by Quarter for SRC Energy (NYSEMKT:SRCI)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
1/26/2017Nicholas SpenceCOOBuy600$8.89$5,334.00View SEC Filing  
10/6/2016Lynn A PetersonCEOBuy49,071$6.00$294,426.00View SEC Filing  
10/5/2016Daniel E KellyDirectorBuy15,000$6.49$97,350.00View SEC Filing  
9/20/2016Cathleen M OsbornVPBuy2,000$6.01$12,020.00View SEC Filing  
9/20/2016James P HendersonCFOBuy50,000$5.95$297,500.00View SEC Filing  
9/20/2016Michael EberhardCOOBuy15,000$6.11$91,650.00View SEC Filing  
5/19/2016Robert W Noffsinger IIIDirectorSell50,000$5.82$291,000.00View SEC Filing  
4/12/2016Robert W Noffsinger IIIDirectorSell60,000$8.07$484,200.00View SEC Filing  
3/29/2016Robert W Noffsinger IIIDirectorSell16,650$7.72$128,538.00View SEC Filing  
8/14/2015Valerie Sue DunnInsiderSell5,000$10.21$51,050.00View SEC Filing  
6/2/2015Robert W Noffsinger IIIDirectorSell100,000$11.49$1,149,000.00View SEC Filing  
1/14/2015Edward A HollowayCEOSell75,000$13.09$981,750.00View SEC Filing  
1/2/2015Frank L JenningsCFOSell10,000$12.33$123,300.00View SEC Filing  
1/2/2015William E Scaff JrCEOSell50,000$12.32$616,000.00View SEC Filing  
12/19/2014Edward A HollowayCEOSell50,000$13.03$651,500.00View SEC Filing  
12/2/2014Frank L JenningsCFOSell10,000$10.00$100,000.00View SEC Filing  
12/2/2014William E Scaff JrCEOSell50,000$10.05$502,500.00View SEC Filing  
11/20/2014Edward A HollowayCEOSell100,000$13.08$1,308,000.00View SEC Filing  
11/3/2014Frank L JenningsCFOSell10,000$12.10$121,000.00View SEC Filing  
11/3/2014William E Scaff JrCEOSell50,000$12.09$604,500.00View SEC Filing  
10/1/2014Frank L JenningsCFOSell10,000$11.94$119,400.00View SEC Filing  
10/1/2014William E Scaff JrInsiderSell100,000$11.75$1,175,000.00View SEC Filing  
9/15/2014George L SewardDirectorBuy41,189$12.60$518,981.40View SEC Filing  
9/4/2014George L SewardDirectorBuy10,000$13.08$130,800.00View SEC Filing  
9/2/2014Edward A HollowayCEOSell50,000$13.48$674,000.00View SEC Filing  
9/2/2014Frank L JenningsCFOSell10,000$13.48$134,800.00View SEC Filing  
7/16/2014George L SewardDirectorBuy20,000$12.05$241,000.00View SEC Filing  
5/2/2014Bill ConradDirectorSell20,000$11.46$229,200.00View SEC Filing  
4/14/2014Craig Duane RasmusonCOOSell10,000$10.48$104,800.00View SEC Filing  
1/14/2014George SewardDirectorBuy34,415$8.71$299,754.65View SEC Filing  
8/22/2013Raymond McelhaneyDirectorBuy5,000$6.67$33,350.00View SEC Filing  
6/19/2013Raymond E McelhaneyDirectorBuy25,000$6.25$156,250.00View SEC Filing  
6/6/2013George L SewardDirectorBuy22,202$4.08$90,584.16View SEC Filing  
1/24/2013George L SewardDirectorBuy50,000$5.86$293,000.00View SEC Filing  
1/16/2013Rick WilberDirectorBuy50,000$5.86$293,000.00View SEC Filing  
12/20/2012George L SewardDirectorBuy5,000$5.14$25,700.00View SEC Filing  
12/17/2012George L SewardDirectorBuy20,000$4.75$95,000.00View SEC Filing  
12/13/2012George L SewardDirectorBuy170,000$4.44$754,800.00View SEC Filing  
12/11/2012George L SewardDirectorBuy32,329$4.34$140,307.86View SEC Filing  
9/24/2012George L SewardDirectorBuy31,454$3.33$104,741.82View SEC Filing  
8/8/2012Rick WilberDirectorBuy20,000$2.89$57,800.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for SRC Energy (NYSEMKT:SRCI)
Latest Headlines for SRC Energy (NYSEMKT:SRCI)
Source:
DateHeadline
finance.yahoo.com logoSRC Energy, Inc. – Value Analysis (NYSE AMERICAN:SRCI) : September 13, 2017
finance.yahoo.com - September 13 at 9:29 AM
americanbankingnews.com logoSRC Energy Inc (SRCI) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - September 12 at 6:48 PM
finance.yahoo.com logoSRC Energy, Inc. breached its 50 day moving average in a Bearish Manner : SRCI-US : September 11, 2017
finance.yahoo.com - September 12 at 10:10 AM
finance.yahoo.com logoETFs with exposure to SRC Energy, Inc. : September 9, 2017
finance.yahoo.com - September 9 at 8:48 AM
bizjournals.com logoBreakfast Technical Briefing on Metals & Minerals Stocks -- Tahoe Resources, SRC Energy, Uranium Energy, and Hi Crush Partners
www.bizjournals.com - September 7 at 9:21 AM
americanbankingnews.com logoSRC Energy Inc (SRCI) Stock Rating Upgraded by BidaskClub
www.americanbankingnews.com - September 6 at 5:52 PM
finance.yahoo.com logoETFs with exposure to SRC Energy, Inc. : August 21, 2017
finance.yahoo.com - August 23 at 11:58 AM
americanbankingnews.com logoSRC Energy Inc (SRCI) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - August 18 at 6:52 PM
finance.yahoo.com logoSRC Energy, Inc. :SRCI-US: Earnings Analysis: Q2, 2017 By the Numbers : August 9, 2017
finance.yahoo.com - August 10 at 8:11 AM
seekingalpha.com logoSRC Energy's (SRCI) CEO Lynn Peterson on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - August 5 at 7:22 AM
finance.yahoo.com logoSRC Energy Inc. Reports Second Quarter 2017 Financial and Operating Results
finance.yahoo.com - August 4 at 8:30 AM
americanbankingnews.com logoSRC Energy Inc (SRCI) Set to Announce Quarterly Earnings on Thursday
www.americanbankingnews.com - July 27 at 3:48 PM
nasdaq.com logoSRC Energy (SRCI) Shares Cross Above 200 DMA - Nasdaq
www.nasdaq.com - July 26 at 8:13 AM
finance.yahoo.com logoHere's Why Shares of SRC Energy Are Up 13% Today
finance.yahoo.com - July 26 at 8:13 AM
streetinsider.com logoSRC Energy (SRCI) Raises Q2 Production Guidance - StreetInsider.com
www.streetinsider.com - July 25 at 6:57 AM
finance.yahoo.com logoSRC Energy Inc. Issues Preliminary Second Quarter 2017 Results; Provides Operations Update; Announces Second Quarter 2017 Earnings Release and Conference Call Dates
finance.yahoo.com - July 25 at 6:57 AM
nytimes.com logoChina Aims to Become World Leader in AI, Challenges U.S. Dominance
www.nytimes.com - July 21 at 7:22 AM
finance.yahoo.com logoSRC Energy, Inc. – Value Analysis (NYSE MKT:SRCI) : July 7, 2017
finance.yahoo.com - July 8 at 8:34 AM
finance.yahoo.com logoSRC Energy, Inc. breached its 50 day moving average in a Bearish Manner : SRCI-US : July 6, 2017
finance.yahoo.com - July 6 at 10:24 AM
americanbankingnews.com logoSRC Energy Inc (SRCI) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - June 27 at 4:30 PM
americanbankingnews.com logoSRC Energy Inc (SRCI) Downgraded to "Neutral" at Seaport Global Securities
www.americanbankingnews.com - June 22 at 7:10 AM
finance.yahoo.com logoThe Company Changes its Name to SRC Energy Inc.; Provides Operations Update; Highlights Participation in Upcoming Investor Conferences
finance.yahoo.com - June 20 at 8:08 AM
seekingalpha.com logoSRC Energy: Pricing Help On The Way - Seeking Alpha
seekingalpha.com - June 17 at 9:34 PM
finance.yahoo.com logoETFs with exposure to SRC Energy, Inc. : June 12, 2017
finance.yahoo.com - June 12 at 7:25 PM
streetinsider.com logoCredit Suisse Assumes SRC Energy Inc. (SRCI) at Outperform, Says Buy The Dip - StreetInsider.com
www.streetinsider.com - June 2 at 12:15 AM
seekingalpha.com logoSRC Energy (SRCI) Presents At BMO Capital Markets Global Energy Leadership Forum - Slideshow
seekingalpha.com - June 2 at 12:15 AM
finance.yahoo.com logoETFs with exposure to SRC Energy, Inc. : May 31, 2017
finance.yahoo.com - May 31 at 8:06 PM
finance.yahoo.com logoSRC Energy, Inc. :SRCI-US: Earnings Analysis: Q1, 2017 By the Numbers : May 29, 2017
finance.yahoo.com - May 29 at 6:49 PM
nytimes.com logoExclusive-Cheniere Energy Says in Talks to Boost LNG Shipments to China
www.nytimes.com - May 13 at 1:04 AM
americanbankingnews.com logoSRC Energy Inc (SRCI) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - May 8 at 11:14 AM
finance.yahoo.com logoSRC Energy beats Street 1Q forecasts
finance.yahoo.com - May 4 at 8:39 PM
americanbankingnews.com logoSRC Energy Inc (SRCI) Receives Overweight Rating from Capital One Financial Corp.
www.americanbankingnews.com - April 29 at 7:30 PM
finance.yahoo.com logoSRC Energy, Inc. breached its 50 day moving average in a Bearish Manner : SRCI-US : April 21, 2017
finance.yahoo.com - April 21 at 7:45 PM
streetinsider.com logoSono Resources Inc. (SRCI) Ups Capital Guidance; Expects to Drill 116 (from 102) Gross Wells in 2017, Expects to ... - StreetInsider.com
www.streetinsider.com - April 20 at 8:00 AM
finance.yahoo.com logoSRC Energy Issues Preliminary First Quarter 2017 Operating Results; Begins Financial Reporting Based on Three Product Streams; Updates 2017 Guidance; Announces First Quarter 2017 Earnings Release and Conference Call Date
finance.yahoo.com - April 19 at 7:58 PM
americanbankingnews.com logoRoyal Bank of Canada Reaffirms Buy Rating for SRC Energy Inc (SRCI)
www.americanbankingnews.com - April 16 at 12:52 PM
streetinsider.com logoSimmons Assumes SRC Energy Inc. (SRCI) at Overweight - StreetInsider.com
www.streetinsider.com - April 14 at 3:42 PM
americanbankingnews.com logoSRC Energy Inc (SRCI) Rating Reiterated by Piper Jaffray Companies
www.americanbankingnews.com - April 12 at 2:22 PM
nasdaq.com logoSnag This Bargain Energy Stock Even Cheaper Than Director Korus Did
www.nasdaq.com - April 3 at 7:43 PM
seekingalpha.com logoSRC Energy (SRCI) Presents At Scotia Howard Weil 45th Annual Energy Conference - Slideshow
seekingalpha.com - March 28 at 7:53 PM

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This page was last updated on 9/25/2017 by MarketBeat.com Staff