Investment Analysts’ Weekly Ratings Changes for PDC Energy (PDCE)

PDC Energy (NASDAQ: PDCE) has recently received a number of price target changes and ratings updates:

  • 2/10/2018 – PDC Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PDC Energy, Inc. is engaged in acquiring, developing and exploring crude oil, NGLs and natural gas. It has operations primarily in the Western and Eastern regions of the United States. Its Western Operating Region is primarily focused on development in the Wattenberg Field in Colorado. Its Eastern Operating Region is focused on development activity in the liquid-rich portion of the Utica Shale play in Ohio. The Company is also focused on development drilling programs in resource plays. PDC Energy, Inc., formerly known as Petroleum Development Corporation, is based in Denver, Colorado. “
  • 2/9/2018 – PDC Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “PDC Energy, Inc. is engaged in acquiring, developing and exploring crude oil, NGLs and natural gas. It has operations primarily in the Western and Eastern regions of the United States. Its Western Operating Region is primarily focused on development in the Wattenberg Field in Colorado. Its Eastern Operating Region is focused on development activity in the liquid-rich portion of the Utica Shale play in Ohio. The Company is also focused on development drilling programs in resource plays. PDC Energy, Inc., formerly known as Petroleum Development Corporation, is based in Denver, Colorado. “
  • 2/8/2018 – PDC Energy had its price target raised by analysts at Imperial Capital from $73.00 to $87.00. They now have an “outperform” rating on the stock.
  • 2/2/2018 – PDC Energy was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 1/28/2018 – PDC Energy had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $85.00 price target on the stock.
  • 1/26/2018 – PDC Energy was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/21/2018 – PDC Energy was given a new $65.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 1/18/2018 – PDC Energy was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/17/2018 – PDC Energy had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $66.00 price target on the stock.
  • 1/11/2018 – PDC Energy had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $58.00 price target on the stock.
  • 1/3/2018 – PDC Energy was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 12/30/2017 – PDC Energy was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 12/22/2017 – PDC Energy was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/15/2017 – PDC Energy was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

PDC Energy Inc (NASDAQ PDCE) opened at $46.55 on Monday. PDC Energy Inc has a twelve month low of $36.74 and a twelve month high of $74.00. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $3,070.00, a price-to-earnings ratio of -11.47 and a beta of 0.68.

In other news, Director Jeffrey C. Swoveland sold 1,700 shares of PDC Energy stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $55.83, for a total transaction of $94,911.00. Following the transaction, the director now owns 21,519 shares in the company, valued at $1,201,405.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Barton R. Brookman, Jr. sold 1,500 shares of PDC Energy stock in a transaction 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 transaction, the chief executive officer now owns 168,101 shares in the company, valued at approximately $8,754,700.08. The disclosure for this sale can be found here. Insiders have sold 7,200 shares of company stock worth $386,751 in the last quarter. 0.91% of the stock is currently owned by corporate insiders.

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.

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