Is It Right Time to Be Bearish on Coca-Cola European Partners plc (CCEP), SRC Energy Inc. (SRCI)?

    The shares of Coca-Cola European Partners plc (NYSE:CCEP) has been pegged with a rating of Equal-Weight by Morgan Stanley in its latest research note that was published on June 12th, 2019.

    Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $59.83. The price of the stock the last time has raised by 31.56% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 45.54.

    The shares of the company dipped by -0.44% during the trading session on Thursday, reaching a low of $54.38 while ending the day at $54.82. During the trading session, a total of 1.23 million shares were traded which represents a -2.34% decline from the average session volume which is 1.20M shares. CCEP had ended its last session trading at 55.06. Coca-Cola European Partners plc currently has a market cap of $25.05B, while its P/E ratio stands at 24.42, while its P/E earnings growth sits at 1.90, with a beta of 0.46. Coca-Cola European Partners plc debt-to-equity ratio currently stands at 0.99, while its quick ratio hovers at 0.60. CCEP 52-week low price stands at $41.67 while its 52-week high price is $58.35.

    The company in its last quarterly report recorded $0.54 earnings per share which is above the $0.53 predicted by most analysts. The Coca-Cola European Partners plc generated $2,794.00 million in revenue during the last quarter, which is slightly lower than the $2,819.56 million predicted by analysts. In the second quarter last year, the firm recorded $0.76 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -40.74%. Coca-Cola European Partners plc has the potential to record 2.25 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at KeyBanc Capital Markets published a research note on May 28th, 2019 where it informed investors and clients that SRC Energy Inc. (NYSE:SRCI) is now rated as Overweight. Even though the stock has been trading at $4.71/share, analysts expect it to surge higher by -10.83% to reach $7.20/share. It started the day trading at $4.81 and traded between $4.19 and $4.20 throughout the trading session.

    A look at its technical shows that SRCI’s 50-day SMA is 4.37 while its 200-day SMA stands at 5.10. The stock has a high of $10.14 for the year while the low is $3.17. The company’s P/E ratio currently sits at 4.11, while the P/B ratio is 0.60. At the moment, only of SRC Energy Inc. shares were sold short. The company’s average trading volume currently stands at 5.15M shares, which means that the short-interest ratio is just 3.38 days. Over the past seven days, the company moved, with its shift of 3.96%. Looking further, the stock has dropped -18.13% over the past 90 days while it lost -13.40% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors sold more SRCI shares, decreasing its portfolio by -4.12% during the last quarter. This move now sees BlackRock Fund Advisors selling -1,400,530 shares in the last quarter, thus it now holds 32,578,475 shares of SRCI, with a total valuation of $132,920,178. Dimensional Fund Advisors LP followed the path by increasing its SRCI portfolio by +13.50% in the quarter. This means that Dimensional Fund Advisors LP bought 2,308,371 shares in the last quarter and now controls 19,403,462 shares of the SRCI stock, with the valuation hitting $79,166,125.

    Similarly, Millennium Management LLC increased its SRC Energy Inc. shares by +66.36% during the recently filed quarter. After buying 5,435,004 shares in the last quarter, the firm now controls 13,624,734 shares of SRC Energy Inc. which are valued at $55,588,915. In the same vein, Victory Capital Management Inc increased its SRC Energy Inc. shares by during the most recent reported quarter. The firm bought 1,593,002 shares during the quarter which increased its stakes to 11,909,339 shares and is now valued at $48,590,103. Following these latest developments, around 1.00% of SRC Energy Inc. stocks are owned by institutional investors and hedge funds.