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SRC Energy (NYSEMKT:SRCI) target price lowered to $5.00, issued a report today by Seaport Global Securities

SRC Energy (NYSEMKT:SRCI) had its target price lowered to $5.00 by Seaport Global Securities in a report released Wednesday June 21, 2017. The new target price indicates a possible downside of -0.24% based on the company's last stock close price.

Yesterday SRC Energy (NYSEMKT:SRCI) traded -0.25% lower at $6.58. 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

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SRC Energy has a 52 week low of $5.87 and a 52 week high of $10.38 with a P/E ratio of 47.63 SRC Energy’s market capitalization is currently $0.

Brief Synopsis On SRC Energy (NYSEMKT: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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