PDC Energy PT Raised to $80.00 at Canaccord Genuity (PDCE)
Equities researchers at Canaccord Genuity upped their price target on shares of PDC Energy (NASDAQ:PDCE) from $66.00 to $80.00 in a research report issued on Tuesday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 13.67% from the stock’s previous close.
PDC Energy (NASDAQ:PDCE) opened at 70.38 on Tuesday. PDC Energy has a 1-year low of $25.76 and a 1-year high of $73.66. The stock has a 50-day moving average of $62.12 and a 200-day moving average of $53.9. The company’s market cap is $2.091 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich raised their price target on shares of PDC Energy from $70.00 to $81.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Topeka Capital Markets raised their price target on shares of PDC Energy from $48.00 to $64.00 in a research note to investors on Tuesday, October 8th. They now have a “hold” rating on the stock. Finally, 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. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. PDC Energy has an average rating of “Buy” and an average price target of $65.54.
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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