Analyst Provides Guidance for This Canadian Energy Company


Wells Fargo analyst Gordon Douthat maintained a Buy rating on SRC Energy Inc (SRCI) yesterday. The company’s shares closed last Monday at $4.40.

According to TipRanks.com, Douthat is a 1-star analyst with an average return of -4.3% and a 23.7% success rate. Douthat covers the Basic Materials sector, focusing on stocks such as Extraction Oil & Gas, Carrizo Oil & Gas, and Earthstone Energy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SRC Energy Inc with a $6.80 average price target, representing a 58.5% upside. In a report issued on July 29, Raymond James also maintained a Buy rating on the stock with a $7 price target.

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The company has a one-year high of $10.14 and a one-year low of $3.17. Currently, SRC Energy Inc has an average volume of 5.07M.

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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.

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