PDC Energy, Inc. (NASDAQ:PDCE) has been given a consensus rating of “Hold” by the twenty-six analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $72.24.

A number of brokerages have weighed in on PDCE. Seaport Global Securities raised PDC Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $46.00 to $51.00 in a research report on Friday. Mizuho raised PDC Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $53.00 to $55.00 in a research report on Wednesday. BidaskClub cut PDC Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Williams Capital set a $67.00 price target on PDC Energy and gave the stock a “buy” rating in a research report on Tuesday. Finally, Zacks Investment Research raised PDC Energy from a “sell” rating to a “hold” rating in a research report on Tuesday.

Shares of PDC Energy (NASDAQ PDCE) traded up 0.87% during midday trading on Friday, hitting $40.72. The company had a trading volume of 1,356,489 shares. PDC Energy has a one year low of $38.54 and a one year high of $84.88. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 288.79 and a beta of 0.81. The company’s 50 day moving average is $43.95 and its 200 day moving average is $56.44.

PDC Energy (NASDAQ:PDCE) last announced its quarterly earnings results on Tuesday, August 8th. The energy producer reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.20. PDC Energy had a return on equity of 0.53% and a net margin of 1.03%. The company had revenue of $275.20 million during the quarter, compared to analysts’ expectations of $218.90 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. The business’s quarterly revenue was up 1269.2% compared to the same quarter last year. Equities analysts forecast that PDC Energy will post $0.06 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of PDCE. Thrivent Financial For Lutherans raised its stake in PDC Energy by 5.8% in the first quarter. Thrivent Financial For Lutherans now owns 31,760 shares of the energy producer’s stock valued at $1,980,000 after buying an additional 1,750 shares in the last quarter. Pacer Advisors Inc. raised its stake in PDC Energy by 37.5% in the first quarter. Pacer Advisors Inc. now owns 6,430 shares of the energy producer’s stock valued at $401,000 after buying an additional 1,755 shares in the last quarter. First National Bank of Omaha raised its stake in PDC Energy by 30.3% in the first quarter. First National Bank of Omaha now owns 14,588 shares of the energy producer’s stock valued at $910,000 after buying an additional 3,390 shares in the last quarter. Prudential Financial Inc. raised its stake in PDC Energy by 0.5% in the first quarter. Prudential Financial Inc. now owns 96,434 shares of the energy producer’s stock valued at $6,013,000 after buying an additional 518 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in PDC Energy by 12.7% in the first quarter. Systematic Financial Management LP now owns 530,883 shares of the energy producer’s stock valued at $33,101,000 after buying an additional 59,999 shares in the last quarter.

About PDC Energy

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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