In a report released today, Mark Lear from Jefferies reiterated a Buy rating on SRC Energy Inc (NYSE MKT: SRCI), with a price target of $15. The company’s shares closed yesterday at $11.60.
According to TipRanks.com, Lear is a 3-star analyst with an average return of 2.5% and a 52.1% success rate. Lear covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Jagged Peak Energy Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for SRC Energy Inc with a $15.09 average price target.
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Based on SRC Energy Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $49.62 million. In comparison, last year the company had a net profit of $27.94 million.
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SRC Energy, Inc. engages in the acquisition, development, and production of oil and natural gas. It focuses in the operation of Wattenberg Field in the Denver-Julesburg Basin. The company was founded on May 11, 2005 and is headquartered in Denver, CO.
