PDC Energy Given Average Rating of “Buy” by Analysts (NASDAQ:PDCE)
PDC Energy (NASDAQ:PDCE) has received an average recommendation of “Buy” from the eighteen ratings firms that are presently covering the company, Analyst Ratings.Net reports. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $75.38.
A number of analysts have recently weighed in on PDCE shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of PDC Energy from $72.00 to $81.00 in a research note on Friday, May 16th. They now have an “outperform” rating on the stock. Separately, analysts at KLR Group raised their price target on shares of PDC Energy from $1.00 to $60.00 in a research note on Friday, May 9th. Finally, analysts at Brean Capital initiated coverage on shares of PDC Energy in a research note on Thursday, May 8th. They set a “buy” rating and a $75.00 price target on the stock.
In other PDC Energy news, Director Anthony J. Crisafio sold 1,500 shares of PDC Energy stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $61.81, for a total value of $92,715.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
PDC Energy (NASDAQ:PDCE) traded down 0.20% during mid-day trading on Tuesday, hitting $63.57. 60,136 shares of the company’s stock traded hands. PDC Energy has a 1-year low of $44.72 and a 1-year high of $73.93. The stock has a 50-day moving average of $61.95 and a 200-day moving average of $57.55. The company has a market cap of $2.230 billion and a P/E ratio of 145.77.
PDC Energy (NASDAQ:PDCE) last released its earnings data on Tuesday, May 6th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.09. The company had revenue of $129.80 million for the quarter, compared to the consensus estimate of $136.93 million. During the same quarter in the previous year, the company posted ($1.30) earnings per share. The company’s revenue for the quarter was up 63.5% on a year-over-year basis. On average, analysts predict that PDC Energy will post $1.34 earnings per share 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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