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SRC Energy: 2Q Earnings Snapshot

July 31, 2019

DENVER (AP) _ SRC Energy Inc. (SRCI) on Wednesday reported second-quarter net income of $54.5 million.

On a per-share basis, the Denver-based company said it had profit of 22 cents.

The results met Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was also for earnings of 22 cents per share.

The oil and gas company posted revenue of $162.6 million in the period, missing Street forecasts. Eleven analysts surveyed by Zacks expected $179.1 million.

In the final minutes of trading on Wednesday, the company’s shares hit $4.06. A year ago, they were trading at $11.32.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRCI at https://www.zacks.com/ap/SRCI

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