PDC Energy Downgraded to Neutral at Global Hunter Securities (PDCE)
PDC Energy (NASDAQ:PDCE) was downgraded by research analysts at Global Hunter Securities to a “neutral” rating in a report released on Wednesday, Analyst Ratings Network.com reports.
Shares of PDC Energy (NASDAQ:PDCE) opened at 70.96 on Wednesday. PDC Energy has a 52 week low of $25.76 and a 52 week high of $60.17. The stock’s 50-day moving average is $55.81 and its 200-day moving average is $51.27. The company’s market cap is $2.108 billion.
PDC Energy (NASDAQ:PDCE) last released its earnings data on Thursday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, analysts predict that PDC Energy will post $-0.13 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on PDCE. Analysts at Canaccord Genuity raised their price target on shares of PDC Energy from $66.00 to $80.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $61.91.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.