Here's Why Shares of SRC Energy Are Up 13% Today
Shares of SRC Energy (NYSEMKT: SRCI) are up 13% on Tuesday, as of 11:30 a.m. EDT. The impetus for today's share-price gain comes after the company issued preliminary operational results ahead of earnings.
The thing that likely has Wall Street so excited about this operational update is the incredible production growth. Management's update today said that production for the quarter was 32,600 barrels of oil equivalent per day (BOE/d), 65% of which was liquids. Compare that to just the prior quarter where SRC produced 17,742 BOE/d -- 64% liquids, by the way.
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Source: Fool.com