PDC Energy PT Raised to $64.00 (PDCE)
Investment analysts at SunTrust boosted their price objective on shares of PDC Energy (NASDAQ:PDCE) from $59.00 to $64.00 in a note issued to investors on Wednesday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating on the stock.
PDCE has been the subject of a number of other recent research reports. Analysts at Topeka Capital Markets cut their price target on shares of PDC Energy (NASDAQ:PDCE) from $50.00 to $48.00 in a research note to investors on Monday, August 5th. They now have a “hold” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of PDC Energy (NASDAQ:PDCE) from $63.00 to $65.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of PDC Energy (NASDAQ:PDCE) from $67.00 to $70.00 in a research note to investors on Wednesday, July 24th. They now have a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. PDC Energy has an average rating of “Buy” and an average target price of $62.04.
Shares of PDC Energy (NASDAQ:PDCE) traded up 5.06% during mid-day trading on Wednesday, hitting $64.00. The stock had a trading volume of 872,974 shares. PDC Energy has a 1-year low of $25.76 and a 1-year high of $66.03. The stock has a 50-day moving average of $57.92 and a 200-day moving average of $52.30. The company’s market cap is $1.901 billion.
PDC Energy (NASDAQ:PDCE) last announced its earnings results on Thursday, August 1st. The company reported $0.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.26 by $0.03. The company had revenue of $121.31 million for the quarter, compared to the consensus estimate of $95.76 million. During the same quarter last year, the company posted ($0.06) earnings per share. PDC Energy’s revenue was up 21.7% compared to the same quarter last year. On average, analysts predict that PDC Energy will post $0.08 earnings per share for the current fiscal year.
PDC Energy, Inc (NASDAQ:PDCE) doing business as PDC Energy, is a domestic independent exploration and production company, which acquires, develops, explores, and produces natural gas, natural gas liquids (NGLs), and crude oil.
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