Shares of PDC Energy Inc (NASDAQ:PDCE) have received a consensus recommendation of “Buy” from the twenty-five brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $68.00.
A number of brokerages have issued reports on PDCE. BMO Capital Markets restated a “hold” rating and issued a $58.00 price objective on shares of PDC Energy in a research note on Thursday, January 11th. KeyCorp set a $65.00 price objective on PDC Energy and gave the company a “buy” rating in a research note on Sunday, January 21st. BidaskClub downgraded PDC Energy from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Stifel Nicolaus restated a “buy” rating and issued a $85.00 price objective on shares of PDC Energy in a research note on Sunday, January 28th. Finally, Williams Capital restated a “buy” rating and issued a $76.00 price objective (up previously from $69.00) on shares of PDC Energy in a research note on Tuesday.
Shares of PDC Energy (NASDAQ PDCE) traded down $0.81 during trading hours on Wednesday, reaching $53.89. The company’s stock had a trading volume of 3,057,100 shares, compared to its average volume of 873,839. The company has a market cap of $3,603.24, a P/E ratio of -27.64 and a beta of 0.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.90. PDC Energy has a 52-week low of $36.74 and a 52-week high of $70.21.
A number of institutional investors and hedge funds have recently modified their holdings of PDCE. MHI Funds LLC purchased a new stake in PDC Energy during the 4th quarter worth about $138,000. First Mercantile Trust Co. lifted its holdings in PDC Energy by 93.3% during the 4th quarter. First Mercantile Trust Co. now owns 2,900 shares of the energy producer’s stock worth $149,000 after purchasing an additional 1,400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in PDC Energy by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,596 shares of the energy producer’s stock worth $185,000 after purchasing an additional 1,201 shares in the last quarter. Connable Office Inc. purchased a new stake in PDC Energy during the 3rd quarter worth about $202,000. Finally, ETRADE Capital Management LLC purchased a new stake in PDC Energy during the 4th quarter worth about $212,000.
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PDC Energy Company Profile
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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