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Seaport Global Securities downgraded SRC Energy Inc (NASDAQ:SRCI) to Neutral in a report released today.

Yesterday SRC Energy Inc (NASDAQ:SRCI) traded -0.25% lower at $6.60. The company’s 50-day moving average is $7.96 and its 200-day moving average is $7.58. The last stock close price is down 6.18% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 3,390,108 shares of the stock were exchanged, up from an average trading volume of 2,727,820

Seaport Global Securities has downgraded SRC Energy Inc (NASDAQ:SRCI) to Neutral in a report released on Wednesday June 21, 2017.

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SRC Energy Inc (NASDAQ:SRCI)

SRC Energy Inc has a 52 week low of $5.87 and a one year high of $10.38 with a PE ratio of 47.63 SRC Energy Inc’s market capitalization is currently $0.

Brief Synopsis On SRC Energy Inc (NASDAQ:SRCI)

SRC 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.

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