PDC Energy Given New $71.00 Price Target at Howard Weil (PDCE)
Howard Weil raised their price target on shares of PDC Energy (NASDAQ:PDCE) from $62.00 to $71.00 in a research note issued on Friday, Analyst Ratings Network reports. The firm currently has a “sector perform” rating on the stock. Howard Weil’s price objective would suggest a potential upside of 12.06% from the company’s current price.
A number of other firms have also recently commented on PDCE. Analysts at Credit Suisse raised their price target on shares of PDC Energy from $79.00 to $87.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Brean Capital raised their price target on shares of PDC Energy from $66.00 to $85.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Miller Tabak downgraded shares of PDC Energy from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a $69.00 price target on the stock, up previously from $67.00. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $69.85.
Shares of PDC Energy (NASDAQ:PDCE) traded down 6.56% during mid-day trading on Friday, hitting $63.36. 1,623,930 shares of the company’s stock traded hands. 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 $64.91 and its 200-day moving average is $55.38. The company’s market cap is $1.882 billion.
PDC Energy (NASDAQ:PDCE) last announced its earnings results on Thursday, October 31st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.31. The company had revenue of $77.10 million for the quarter, compared to the consensus estimate of $103.26 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s revenue for the quarter was up 135.8% on a year-over-year basis. Analysts expect that PDC Energy will post $-0.10 EPS 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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