PDC Energy Rating Increased to Buy at Topeka Capital Markets (PDCE)
PDC Energy (NASDAQ:PDCE) was upgraded by analysts at Topeka Capital Markets from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the stock. Analysts at Miller Tabak upgraded shares of PDC Energy from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 16th. They now have a $69.00 price target on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of PDC Energy from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, January 8th. Finally, analysts at Ned Davis Research downgraded shares of PDC Energy from a “neutral” rating to a “sell” rating in a research note to investors on Monday, December 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. PDC Energy presently has an average rating of “Buy” and a consensus target price of $73.00.
Shares of PDC Energy (NASDAQ:PDCE) opened at 50.38 on Wednesday. PDC Energy has a 52-week low of $37.01 and a 52-week high of $73.93. The stock’s 50-day moving average is $51.06 and its 200-day moving average is $57.63. The company’s market cap is $1.763 billion.
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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