Technical Analysis of SRC Energy Inc. (NYSE:SRCI)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of SRC Energy Inc. (NYSE:SRCI) for the period of 9-Day stands at 39.88% while the stochastic %D for the same period stands at 35.14%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of SRC Energy Inc. (NYSE:SRCI) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for SRC Energy Inc. (NYSE:SRCI) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently SRC Energy Inc. (NYSE:SRCI)’s 20-Day Bollinger Band indicates “Hold”.

About Company

SRC Energy Inc. is an oil and natural gas exploration and production company. It engages in the acquisition, development, exploitation, exploration and production of oil and natural gas properties, primarily located in the Wattenberg field in the D-J Basin of northeast Colorado. SRC Energy Inc., formerly known as Synergy Resources Corporation, is headquartered in Denver, CO.

Previous Day Activity Analysis

On the last trading day, SRC Energy Inc. (NYSE:SRCI) opened the session at $9.41 and after going down -0.74% closed at $9.35. The stock lost -0.06 points in the last trade.

SRC Energy Inc. (NYSE:SRCI)’s stock fluctuated in the range of $9.35 and $9.54 during the previous active session. SRC Energy Inc. (NYSE:SRCI) traded with the volume of 1.23 Million with average volume of 2.84 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 1.6 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.29 and 64.78 respectively.

Currently the Insider Ownership of the shares of SRC Energy Inc. (NYSE:SRCI) is at 0.7% and the shares outstanding are 199.16 Million.

Important Ratio Analysis

Some important ratios to consider here for SRC Energy Inc. (NYSE:SRCI) are discussed below:

Dividend yield of SRC Energy Inc. (NYSE:SRCI) stands at 0% whereas Price to Earnings P/E ratio stands at 55.65 while Forward P/E shows the value of 10.04.

The PEG ratio (Price to Earning to Growth) emits the value of 1.11. The Price to Sale P/S and Price to Book P/B shows the value of 10.07 and 2.1 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 50.74 and 12.3 correspondingly.

The Quick Ratio of SRC Energy Inc. (NYSE:SRCI) stands at 0.7 while the Current Ratio depicts the value of 0.7.

Return on Assets ROA of SRC Energy Inc. (NYSE:SRCI) is at 3.1% whereas, Return on Equity ROE and Return of Investment ROI of SRC Energy Inc. (NYSE:SRCI) stand at 3.9% and -25.2% respectively.

Stock Performance Analysis

The stock performance of SRC Energy Inc. (NYSE:SRCI) on the basis of 5 day trade show the jump of 0.65% whereas, the monthly performance of the stock shows increase of 14.3%.

The quarterly performance of the stock remained in green zone with the value of 28.79% while six month performance of the shares of SRC Energy Inc. (NYSE:SRCI) remained bullish with the count of 14.58%.

The yearly and YTD performance of SRC Energy Inc. (NYSE:SRCI) remained up at 30.22% and 4.94% respectively.