PDC Energy Receives Consensus Rating of “Buy” from Analysts (NASDAQ:PDCE)
PDC Energy (NASDAQ:PDCE) has received an average recommendation of “Buy” from the twenty analysts that are currently covering the stock, American Banking News reports. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $76.78.
PDC Energy (NASDAQ:PDCE) opened at 60.09 on Thursday. 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 $56.46 and a 200-day moving average of $60.24. The company’s market cap is $2.111 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.
PDCE has been the subject of a number of recent research reports. 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, 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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