Analysts’ Weekly Ratings Updates for PDC Energy (PDCE)

A number of firms have modified their ratings and price targets on shares of PDC Energy (NASDAQ: PDCE) recently:

  • 8/9/2017 – PDC Energy was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating. They now have a $55.00 price target on the stock, up previously from $53.00.
  • 8/8/2017 – PDC Energy was given a new $67.00 price target on by analysts at Williams Capital. They now have a “buy” rating on the stock.
  • 8/8/2017 – PDC Energy was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “PDC Energy, Inc. is engaged in acquiring, developing and exploring crude oil, NGLs and natural gas. It has operations primarily in the Western and Eastern regions of the United States. Its Western Operating Region is primarily focused on development in the Wattenberg Field in Colorado. Its Eastern Operating Region is focused on development activity in the liquid-rich portion of the Utica Shale play in Ohio. The Company is also focused on development drilling programs in resource plays. PDC Energy, Inc., formerly known as Petroleum Development Corporation, is based in Denver, Colorado. “
  • 8/5/2017 – PDC Energy was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/19/2017 – PDC Energy is now covered by analysts at Bank of America Corporation. They set a “buy” rating and a $60.00 price target on the stock.
  • 7/14/2017 – PDC Energy had its price target raised by analysts at BMO Capital Markets from $45.00 to $48.00. They now have a “market perform” rating on the stock.
  • 7/8/2017 – PDC Energy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “PDC Energy, Inc. is engaged in acquiring, developing and exploring crude oil, NGLs and natural gas. It has operations primarily in the Western and Eastern regions of the United States. Its Western Operating Region is primarily focused on development in the Wattenberg Field in Colorado. Its Eastern Operating Region is focused on development activity in the liquid-rich portion of the Utica Shale play in Ohio. The Company is also focused on development drilling programs in resource plays. PDC Energy, Inc., formerly known as Petroleum Development Corporation, is based in Denver, Colorado. “
  • 6/30/2017 – PDC Energy had its “hold” rating reaffirmed by analysts at Scotiabank. They now have a $60.00 price target on the stock.
  • 6/29/2017 – PDC Energy was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/26/2017 – PDC Energy was given a new $45.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 6/21/2017 – PDC Energy was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating. They now have a $46.00 price target on the stock, down previously from $89.00.
  • 6/14/2017 – PDC Energy was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of PDC Energy, Inc. (PDCE) traded up 1.96% during mid-day trading on Thursday, reaching $41.00. 1,188,977 shares of the company were exchanged. The company’s 50-day moving average is $44.08 and its 200 day moving average is $56.81. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 290.78 and a beta of 0.81. PDC Energy, Inc. has a 12 month low of $38.54 and a 12 month high of $84.88.

PDC Energy (NASDAQ:PDCE) last posted its quarterly earnings results on Tuesday, August 8th. The energy producer reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.20. The business had revenue of $275.20 million for the quarter, compared to analysts’ expectations of $218.90 million. PDC Energy had a return on equity of 0.53% and a net margin of 1.03%. The firm’s quarterly revenue was up 1269.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.11) earnings per share. Analysts predict that PDC Energy, Inc. will post $0.06 EPS for the current year.

PDC Energy, Inc is an independent exploration and production company. The Company produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with operations in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. The Company operates through two segments: Oil and Gas Exploration and Production, and Gas Marketing.

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