PDC Energy Given Consensus Rating of “Buy” by Brokerages (NASDAQ:PDCE)
Shares of PDC Energy (NASDAQ:PDCE) have been given an average rating of “Buy” by the twenty ratings firms that are currently covering the stock, Stock Ratings Network.com reports. Two equities research analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $76.78.
A number of research firms have recently commented on PDCE. Analysts at MLV & Co
reiterated a “buy” rating on shares of PDC Energy in a research note on Monday, August 11th. They now have a $87.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of PDC Energy from $70.00 to $72.00 in a research note on Monday, August 11th. They now have an “outperform” rating on the stock. Finally, 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.
PDC Energy (NASDAQ:PDCE) opened at 57.71 on Thursday. 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 $56.67 and a 200-day moving average of $60.1. The company’s market cap is $2.027 billion.
PDC Energy (NASDAQ:PDCE) last announced its earnings results on Friday, August 8th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was down 9.7% on a year-over-year basis. On average, analysts predict that PDC Energy will post $0.71 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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