PDC Energy Price Target Lowered to $63.00 at SunTrust (PDCE)
Equities research analysts at SunTrust dropped their price target on shares of PDC Energy (NASDAQ:PDCE) from $65.00 to $63.00 in a research note issued to investors on Wednesday. SunTrust’s price target would indicate a potential upside of 3.24% from the company’s current price.
A number of other analysts have also recently weighed in on PDCE. Analysts at Capital One Financial Corp. initiated coverage on shares of PDC Energy in a research note on Tuesday. They set an “overweight” rating and a $75.00 price target on the stock. Separately, analysts at GMP Securities initiated coverage on shares of PDC Energy in a research note on Tuesday, June 24th. They set a “buy” rating and a $86.00 price target on the stock. Finally, analysts at Howard Weil raised their price target on shares of PDC Energy from $77.00 to $84.00 in a research note on Tuesday, June 17th. They now have a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $76.50.
Shares of PDC Energy (NASDAQ:PDCE) traded up 0.89% during mid-day trading on Wednesday, hitting $61.02. The stock had a trading volume of 771,265 shares. PDC Energy has a 52-week low of $44.72 and a 52-week high of $73.93. The stock has a 50-day moving average of $63.94 and a 200-day moving average of $58.71. The company has a market cap of $2.141 billion and a P/E ratio of 138.40.
PDC Energy (NASDAQ:PDCE) last posted its quarterly earnings results 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. Analysts expect that PDC Energy will post $1.35 EPS for the current fiscal year.
In other PDC Energy news, Director Anthony J. Crisafio unloaded 1,540 shares of PDC Energy stock on the open market in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $63.60, for a total value of $97,944.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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