Alert: New Earnings Report (10/31/18)-Src energy inc (NYSEAMERICAN: SRCI).


Src energy inc (NYSEAMERICAN: SRCI)



New Earnings Report

Src energy inc (NYSEAMERICAN: SRCI) has reported earnings for its third fiscal quarter (ending September 30) of $0.26 versus $0.22 for the same period a year ago — an increase of 18%. This result exceeded the consensus estimate of $0.26 by $0.00. For the latest four quarters through September 30, E.P.S. were $0.97 compared to $0.49 a year ago — an increase of 98%.

Recent Price Action

Src energy inc (NYSEAMERICAN: SRCI) stock closed at $7.08 on 10/31/18 after an increase of 1.3%. This advance was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -9.8% during the last week.

Current PriceTarget Research Rating

SRCI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Src energy inc has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Src energy inc has a neutral Power Rating of 49 but a very high Appreciation Score of 98, with the Highest Value Trend Rating the result.

Rating Review

In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

About John Lafferty 80532 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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