PDC Energy PT Raised to $78.00 at Topeka Capital Markets (PDCE)
Topeka Capital Markets boosted their price target on shares of PDC Energy (NASDAQ:PDCE) from $75.00 to $78.00 in a research note issued on Monday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ price target points to a potential upside of 27.81% from the stock’s previous close.
Shares of PDC Energy (NASDAQ:PDCE) traded down 1.02% on Monday, hitting $60.41. 360,042 shares of the company’s stock traded hands. PDC Energy has a 52-week low of $39.89 and a 52-week high of $73.93. The stock has a 50-day moving average of $60.91 and a 200-day moving average of $58.2. The company’s market cap is $2.115 billion.
PDC Energy (NASDAQ:PDCE) last released its earnings data on Thursday, February 20th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.11. The company had revenue of $141.10 million for the quarter, compared to the consensus estimate of $118.72 million. Analysts expect that PDC Energy will post $1.74 EPS for the current fiscal year.
PDCE has been the subject of a number of other recent research reports. Analysts at SunTrust raised their price target on shares of PDC Energy from $63.00 to $66.00 in a research note on Monday. They now have a “neutral” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of PDC Energy from $70.00 to $76.00 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets downgraded shares of PDC Energy from an “outperform” rating to a “market perform” rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $77.38.
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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