PDC Energy (NASDAQ:PDCE)‘s stock had its “hold” rating reaffirmed by equities research analysts at BMO Capital Markets in a report released on Thursday. They currently have a $58.00 price objective on the energy producer’s stock. BMO Capital Markets’ price objective points to a potential upside of 4.54% from the company’s current price.

Several other research analysts have also issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $81.00 price target (down previously from $82.00) on shares of PDC Energy in a report on Tuesday, November 7th. BidaskClub lowered PDC Energy from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Williams Capital increased their price target on PDC Energy from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Credit Suisse Group initiated coverage on PDC Energy in a report on Monday, December 11th. They issued a “neutral” rating and a $51.00 price target on the stock. Finally, Barclays increased their price target on PDC Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. Eleven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $66.75.

Shares of PDC Energy (NASDAQ:PDCE) traded up $1.69 during trading hours on Thursday, reaching $55.48. The company’s stock had a trading volume of 1,120,000 shares, compared to its average volume of 863,599. The company has a market capitalization of $3,650.00, a price-to-earnings ratio of -13.67 and a beta of 0.79. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. PDC Energy has a 1-year low of $36.74 and a 1-year high of $78.61.

In other news, COO Scott J. Reasoner sold 1,000 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $49.64, for a total value of $49,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Barton R. Brookman, Jr. sold 1,500 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $52.08, for a total value of $78,120.00. Following the sale, the chief executive officer now directly owns 168,101 shares of the company’s stock, valued at $8,754,700.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,000 shares of company stock valued at $207,860. Company insiders own 0.91% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Miles Capital Inc. increased its position in shares of PDC Energy by 0.3% during the first quarter. Miles Capital Inc. now owns 3,888 shares of the energy producer’s stock valued at $242,000 after acquiring an additional 11 shares during the last quarter. First National Bank of Omaha grew its holdings in PDC Energy by 0.3% during the second quarter. First National Bank of Omaha now owns 7,850 shares of the energy producer’s stock valued at $452,000 after purchasing an additional 25 shares during the period. LS Investment Advisors LLC grew its holdings in PDC Energy by 2.2% during the third quarter. LS Investment Advisors LLC now owns 1,698 shares of the energy producer’s stock valued at $114,000 after purchasing an additional 37 shares during the period. Honkamp Krueger Financial Services Inc. grew its holdings in PDC Energy by 0.3% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 13,424 shares of the energy producer’s stock valued at $579,000 after purchasing an additional 40 shares during the period. Finally, Amalgamated Bank grew its holdings in PDC Energy by 0.9% during the first quarter. Amalgamated Bank now owns 7,120 shares of the energy producer’s stock valued at $444,000 after purchasing an additional 64 shares during the period.

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PDC Energy Company Profile

PDC Energy, Inc is an independent exploration and production company. The Company produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with operations in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. The Company operates through two segments: Oil and Gas Exploration and Production, and Gas Marketing.

Analyst Recommendations for PDC Energy (NASDAQ:PDCE)

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