SRC Energy Inc (SRCI) Gets a Buy Rating from Piper Jaffray


Piper Jaffray analyst Kashy Harrison reiterated a Buy rating on SRC Energy Inc (SRCI) on November 15 and set a price target of $14. The company’s shares opened today at $6.57, close to its 52-week low of $6.33.

According to TipRanks.com, Harrison is a 1-star analyst with an average return of -4.3% and a 35.0% success rate. Harrison covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Continental Resources, and Gulfport Energy Corp.

SRC Energy Inc has an analyst consensus of Strong Buy, with a price target consensus of $13.50, implying a 105.5% upside from current levels. In a report issued on November 1, Stifel Nicolaus also maintained a Buy rating on the stock with a $16 price target.

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The company has a one-year high of $13.32 and a one-year low of $6.33. Currently, SRC Energy Inc has an average volume of 3.5M.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SRCI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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