DENVER, October 21, 2019 – Shares of SRC Energy Inc. (NYSE: SRCI) declined -6.50% to $3.45. The stock grabbed the investor’s attention and traded 6.363M shares as compared to its average daily volume of 5.69M shares.
SRC Energy Inc. (NYSE American: SRCI) reported first-quarter profit of $49.80M. On a per-share basis, the Denver-based company said it had profit of 20 cents. Earnings, adjusted for non-recurring costs, came to 27 cents per share. The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The oil and gas company posted revenue of $189.50M in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $178.20M.
SRCI has a market value of $898.41M while its EPS was booked as $1.02 in the last 12 months. The stock has 260.41M shares outstanding. In the profitability analysis, the company has gross profit margin of 84.90% while net profit margin was 35.40%. Beta value of the company was 1.52; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.00.