SunTrust Increases PDC Energy Price Target to $66.00 (PDCE)
SunTrust upped their price objective on shares of PDC Energy (NASDAQ:PDCE) from $63.00 to $66.00 in a research note issued on Monday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. SunTrust’s target price would suggest a potential upside of 8.14% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Wunderlich raised their price target on shares of PDC Energy from $86.00 to $88.00 in a research note on Monday. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $77.38.
PDC Energy (NASDAQ:PDCE) traded down 1.11% during mid-day trading on Monday, hitting $60.35. 364,143 shares of the company’s stock traded hands. PDC Energy has a 1-year low of $39.89 and a 1-year high of $73.93. The stock’s 50-day moving average is $60.91 and its 200-day moving average is $58.2. The company’s market cap is $2.113 billion.
PDC Energy (NASDAQ:PDCE) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ 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.
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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