Vivaldi Capital Management LLC Invests $6.17 Billion in SRC Energy Inc (SRCI)

Cornelia Mascio
Giugno 1, 2017

SRC Energy Inc. (NYSE:SRCI) ended its day at $7.06 with the rising stream of -0.56% and its total traded volume was 2.2 million shares less than the average volume. Vivaldi Capital Management LLC owned 0.36% of SRC Energy at the end of the most recent reporting period. Louisiana State Employees Retirement System purchased a new stake in SRC Energy during the first quarter worth $690,000. State of Alaska Department of Revenue bought a new position in shares of SRC Energy during the first quarter valued at about $186,000. Piper Jaffray Companies reiterated an "overweight" rating and issued a $11.00 price objective on shares of SRC Energy in a report on Wednesday, April 12th. SRC Energy Inc. (SRCI) has made its way to a 12-month gain of 14.24%. (NYSE:TWTR), its shares were trading at $18.43 a gain of $0.2, on the trading floor. Investors who are keeping close eye on the stock of Zions Bancorporation (NASDAQ:ZION) established that the company was able to keep return on investment at - in the trailing twelve month while Reuters data showed that industry's average stands at 0.01 and sector's optimum level is 0.47.

SRC Energy Inc. (NYSE:SRCI), stock is trading $10.38 above the 52-week high and has displayed a high EPS growth of -47.70% in last 5 years. The company's 50-day moving average price is $7.71 and its 200 day moving average price is $8.36.

SRC Energy (NYSEMKT:SRCI) last released its earnings results on Thursday, February 23rd. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.06. The company had revenue of $45.06 million during the quarter, compared to the consensus estimate of $43.60 million. Analysts expect that SRC Energy Inc will post $0.46 EPS for the current fiscal year.

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Several research analysts have recently commented on SRCI shares. Simmons raised their target price on shares of SRC Energy from $28.00 to $29.00 and gave the company a "buy" rating in a report on Monday, April 17th. Capital One Financial Corp. assumed coverage on SRC Energy in a research note on Tuesday, April 25th. Wells Fargo & Co downgraded shares of SRC Energy from an "outperform" rating to a "market perform" rating in a research report on Wednesday, May 3rd. Finally, Zacks Investment Research cut SRC Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. SRC Energy presently has an average rating of "Buy" and an average target price of $15.38.

In related news, Director Paul Korus purchased 5,000 shares of SRC Energy stock in a transaction on Wednesday, March 29th. Following the acquisition, the director now directly owns 16,910 shares in the company, valued at $141,198.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

The firm purchased 860,936 shares of the oil and natural gas company's stock, valued at approximately $7,222,000. The Firm is engaged in the acquisition, development and production of natural gas and crude oil in and around the Denver-Julesburg Basin of Colorado.

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