PDC Energy Price Target Increased to $72.00 by Analysts at RBC Capital (PDCE)
Research analysts at RBC Capital raised their price objective on shares of PDC Energy (NASDAQ:PDCE) from $70.00 to $72.00 in a report released on Monday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective indicates a potential upside of 18.19% from the company’s current price.
Shares of PDC Energy (NASDAQ:PDCE) opened at 60.92 on Monday. 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 $58.79 and a 200-day moving average of $59.32. The company has a market cap of $2.137 billion and a price-to-earnings ratio of 139.41.
PDC Energy (NASDAQ:PDCE) last released its earnings data on Friday, August 8th. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.34 by $0.38. The company had revenue of $109.47 million for the quarter, compared to the consensus estimate of $143.08 million. During the same quarter last year, the company posted $0.23 earnings per share. PDC Energy’s revenue was down 9.7% compared to the same quarter last year. On average, analysts predict that PDC Energy will post $1.39 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at SunTrust cut their price target on shares of PDC Energy from $65.00 to $63.00 in a research note on Wednesday, July 9th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. PDC Energy has a consensus rating of “Buy” and a consensus target price of $76.61.
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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