PDC Energy Price Target Increased to $64.00 by Analysts at Topeka Capital Markets (PDCE)
Topeka Capital Markets upped their target price on shares of PDC Energy (NASDAQ:PDCE) from $48.00 to $64.00 in a research note issued on Tuesday, Stock Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Topeka Capital Markets’ target price points to a potential upside of 1.43% from the stock’s previous close.
PDC Energy (NASDAQ:PDCE) traded down 3.28% during mid-day trading on Tuesday, hitting $63.10. The stock had a trading volume of 765,350 shares. PDC Energy has a 52 week low of $25.76 and a 52 week high of $67.18. The stock has a 50-day moving average of $59.12 and a 200-day moving average of $52.7. The company’s market cap is $1.874 billion.
PDC Energy (NASDAQ:PDCE) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 21.7% on a year-over-year basis. Analysts expect that PDC Energy will post $-0.15 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at SunTrust raised their price target on shares of PDC Energy from $59.00 to $64.00 in a research note to investors on Wednesday, October 2nd. They now have a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of PDC Energy 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. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. PDC Energy presently has an average rating of “Buy” and an average target price of $63.38.
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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