SYA.F - SRC Energy Inc.

Frankfurt - Frankfurt Delayed Price. Currency in EUR
4.1085
+0.2295 (+5.92%)
At close: 8:00AM CEST
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Previous Close3.8790
Open4.1085
Bid4.1440 x 200000
Ask4.2930 x 200000
Day's Range4.1085 - 4.1085
52 Week Range3.2615 - 8.4300
Volume50
Avg. Volume2
Market Cap838.245M
Beta (3Y Monthly)2.08
PE Ratio (TTM)24.31
EPS (TTM)0.1690
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • PDC Energy in Talks to Merge With Rival SRC Energy
    Bloomberg

    PDC Energy in Talks to Merge With Rival SRC Energy

    (Bloomberg) -- PDC Energy Inc. is in talks to combine with rival explorer SRC Energy Inc., in a potential deal that would create a larger oil and gas player in Colorado, according to people familiar with the matter.The companies, which are both active drillers in Colorado’s Denver-Julesburg Basin, are in discussions, but there is no guarantee the talks will lead to a deal, the people said, asking not to be identified because the matter isn’t public.PDC Energy shares rose 0.5% to $26.28 at 1:56 p.m. in New York trading Wednesday, giving the company a market value of about $1.7 billion. SRC Energy shares rose about 5.79% to $4.20, bringing the company’s market value to about $1 billion.Representatives for PDC Energy and SRC Energy didn’t immediately respond to requests for comment.The discussions come as small and mid-size oil and gas explorers increasingly team up to cut costs and better cope with volatile commodity prices, among other pressures. Callon Petroleum Co. agreed to buy Carrizo Oil & Gas Inc. for $1.2 billion in July, while Comstock Resources Inc. agreed to acquire Covey Park Energy LLC for $1.1 billion in June.PDC Energy primarily drills for oil and gas in two areas. It has 96,000 net acres in the Wattenberg Field north of Denver, where it is based, according to its website. It also has 42,000 net acres in the Delaware Basin, which is part of the booming Permian Basin of West Texas and New Mexico.In May, private equity firm Kimmeridge Energy Management fell short in an effort to revamp PDC Energy’s board. It has pushed the company for months to cut costs, return cash to shareholders and pursue acquisitions. A representative for Kimmeridge said that the firm has since sold its entire stake in PDC.“We are pleased to see PDC undertake the consolidation that we advocated for and hope that they finally deliver the cost reductions, capital improvements and dividends to shareholders, that have until now been sorely absent,” Kimmeridge Managing Partner Ben Dell said in an emailed statement.SRC Energy does all of its drilling in Weld County, Colorado, according to an investor presentation in July.(Updates shares in third paragraph; adds line that Kimmeridge has sold its stake in PDC in 7th paragraph)\--With assistance from Kiel Porter, Matthew Monks and Scott Deveau.To contact the reporter on this story: Ed Hammond in New York at ehammond12@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Fion LiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Rigzone.com

    PDC Energy Reportedly May Merge with SRC Energy

    PDC Energy Inc. is in talks to combine with rival explorer SRC Energy Inc., in a potential deal that would create a larger oil and gas player in Colorado.

  • (SRCI) Q2 2019 Earnings Call Transcript
    Motley Fool

    (SRCI) Q2 2019 Earnings Call Transcript

    SRCI earnings call for the period ending June 30, 2019.

  • SRC Energy Inc. (SRCI) Q1 2019 Earnings Call Transcript
    Motley Fool

    SRC Energy Inc. (SRCI) Q1 2019 Earnings Call Transcript

    SRCI earnings call for the period ending March 31, 2019.

  • Associated Press

    SRC Energy: 1Q Earnings Snapshot

    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 ...

  • SRC Energy Inc. (SRCI) Q4 2018 Earnings Conference Call Transcript
    Motley Fool

    SRC Energy Inc. (SRCI) Q4 2018 Earnings Conference Call Transcript

    SRCI earnings call for the period ending December 31, 2018.

  • Associated Press

    SRC Energy: 4Q Earnings Snapshot

    The Denver-based company said it had net income of 34 cents per share. Earnings, adjusted for non-recurring gains, came to 30 cents per share. The results topped Wall Street expectations. The average estimate ...

  • SRC Energy (SRCI) Q3 Earnings and Revenues Top Estimates
    Zacks

    SRC Energy (SRCI) Q3 Earnings and Revenues Top Estimates

    SRC Energy (SRCI) delivered earnings and revenue surprises of 8.33% and 3.73%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press

    SRC Energy: 3Q Earnings Snapshot

    On a per-share basis, the Denver-based company said it had profit of 26 cents. The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was ...

  • Is the Options Market Predicting a Spike in Synergy Resources (SRCI) Stock?
    Zacks

    Is the Options Market Predicting a Spike in Synergy Resources (SRCI) Stock?

    Investors need to pay close attention to Synergy Resources (SRCI) stock based on the movements in the options market lately.

  • Should You Expect SRC Energy Inc (NYSEMKT:SRCI) To Continue Delivering An ROE Of 14.6%?
    Simply Wall St.

    Should You Expect SRC Energy Inc (NYSEMKT:SRCI) To Continue Delivering An ROE Of 14.6%?

    This analysis is intended to introduce important early concepts to people who are starting to invest and want to learn about Return on Equity using a real-life example. SRC EnergyRead More...