PDC Energy (PDCE) Announces Quarterly Results
PDC Energy (NASDAQ:PDCE) released its earnings data on Friday. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.38, American Banking & Market News reports. The company had revenue of $109.47 million for the quarter, compared to the consensus estimate of $143.08 million.
PDCE has been the subject of a number of recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of PDC Energy in a research note on Thursday, July 31st. They now have a $70.00 price target on the stock, down previously from $76.00. On the ratings front, analysts at Howard Weil upgraded shares of PDC Energy from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 23rd. They now have a $86.00 price target on the stock. Finally, analysts at Brean Capital raised their price target on shares of PDC Energy from $75.00 to $79.00 in a research note on Monday, July 21st. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $76.50.
PDC Energy (NASDAQ:PDCE) opened at 55.89 on Friday. 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 $59.04 and a 200-day moving average of $59.31. The company has a market cap of $1.961 billion and a price-to-earnings ratio of 130.14.
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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