PDC Energy, Inc. (PDCE) Given New $64.00 Price Target at Barclays PLC
PDC Energy, Inc. (NASDAQ:PDCE) had its target price upped by Barclays PLC from $63.00 to $64.00 in a report published on Monday. They currently have an overweight rating on the energy producer’s stock.
A number of other equities analysts have also recently commented on the stock. BMO Capital Markets set a $55.00 price target on shares of PDC Energy and gave the stock a hold rating in a research note on Tuesday, November 14th. Wolfe Research began coverage on shares of PDC Energy in a research note on Tuesday, November 14th. They set a market perform rating for the company. Stifel Nicolaus reaffirmed a buy rating and set a $81.00 price target (down from $82.00) on shares of PDC Energy in a research note on Tuesday, November 7th. SunTrust Banks, Inc. set a $55.00 price target on shares of PDC Energy and gave the stock a buy rating in a research note on Sunday, October 29th. Finally, Mizuho reaffirmed a buy rating and set a $55.00 price target on shares of PDC Energy in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the stock. PDC Energy presently has a consensus rating of Hold and an average target price of $69.00.
PDC Energy (NASDAQ PDCE) traded up $0.37 during mid-day trading on Monday, hitting $45.34. 467,400 shares of the company were exchanged, compared to its average volume of 1,090,093. PDC Energy has a 52-week low of $36.74 and a 52-week high of $84.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $2,986.67, a PE ratio of 116.26 and a beta of 0.82.
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In other news, COO Scott J. Reasoner sold 1,000 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $49.64, for a total value of $49,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.91% of the company’s stock.
Large investors have recently bought and sold shares of the company. Rhumbline Advisers raised its holdings in shares of PDC Energy by 8.7% in the 2nd quarter. Rhumbline Advisers now owns 129,684 shares of the energy producer’s stock valued at $5,591,000 after purchasing an additional 10,360 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of PDC Energy in the 2nd quarter valued at about $978,000. Tricadia Capital Management LLC bought a new stake in shares of PDC Energy in the 2nd quarter valued at about $693,000. NJ State Employees Deferred Compensation Plan bought a new stake in shares of PDC Energy in the 3rd quarter valued at about $883,000. Finally, Monarch Partners Asset Management LLC bought a new stake in shares of PDC Energy in the 3rd quarter valued at about $8,790,000.
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.
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