SRC Energy Inc. (NYSE:SRCI) is one of the stocks that are taking the center stage today as the company shares are trading 3.13% or 0.155 points lower from last closing price of $4.96, reaching $4.805 at last check. So what’s going on with SRCI shares anyway? The price has dropped in 4 of the last 5 days and is up 3.77% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -624,568 shares, and in total 3.683 million shares valued at $17.695 million were seen changing hands compared with 4.307 million shares valued at $21.363 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the SRCI stock is near its bottom.
SRC Energy Inc. (SRCI) shares have notched a 3-month gain of about 3.77%, but has still advanced 5.53% year to date. By comparison, the stock sank -43.31% over the past 12 months, while it jumped 5.08% over the 1 month. The company’s market cap is around $1.21B, with its short interest ratio standing at 3.03%.
In the current trading session for SRCI, the stock witnessed two major price actions, it rose to a high of $5.04 and was down as much as $4.78 at one point. The high recorded is very low when compared to their 52-week high which is $3.17. The 52-week high is now at -48.44 distance from current price. Their recent low of $9.29 represents a 51.1% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for SRCI is $6.97, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of SRC Energy Inc. earned $1.02 per share in the trailing 12 months and has a P/E ratio of 4.71. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 12.08 and lower compared to the sector’s average of 14.92. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. SRCI also has P/S multiple of 1.66. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.75x.
SRCI‘s last price was down -3.09% as compared to the average trading price of 50 days recorded at $4.96 while enlarging the period to 200 trading days, the average closing price was $4.48. At present, there are 243.41 million in the total number of common shares owned by the public and among those 239.95 million shares have been available to trade. The percentage of shares being held by the company management was 1% while institutions stake was 0%. The company has generated positive returns on equity over the last 12 months (15.5%). It managed to keep its gross profit margin at 84.9% over the past 12 months.
When assessing the full upside of the SRCI stock, there is another set of technicals that should be looked into and considered. Its -3.13% decline from moving average of $4.96 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 1.52 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly 23.6%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 6.03%. The revenue of the company has risen at an average annualized rate of about 44 over the last five years. The company recently recorded an increase of 10.5%, but this figure is rather attractive.