SRC Energy, Inc. was a big mover last session, as the company saw its shares rise more than 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $3.71–$4.72 in the past one-month time frame, witnessed a sharp increase yesterday.

The stock gained after the company announced that it has entered into a definitive merger agreement with PDC Energy in an all-stock transaction valued at around $1.7 billion.

The company has seen eight negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

SRC Energy currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Investors interested in the Oils-Energy sector may consider a better-ranked stock like Ameresco, Inc. (AMRC Quick QuoteAMRC - Free Report) , which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is SRCI going up? Or down? Predict to see what others think:Up or Down

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>