PDC Energy (PDCE) : Traders are bullish on PDC Energy (PDCE) as it has outperformed the S&P 500 by a wide margin of 23.48% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.18%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.49% in the last 1 week, and is up 23.22% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 12.28% and the fifty day Moving Average is 18.71%. PDC Energy, Inc. is up 15.8% in the last three month period. Year-to-Date the stock performance stands at 26.43%.
PDC Energy (PDCE) : The most positive equity analysts on PDC Energy (PDCE) expects the shares to touch $87, whereas, the least positive believes that the stock will trade at $58 in the short term. The company is covered by 17 Wall Street Brokerage Firms. The average price target for shares are $73.29 with an expected fluctuation of $7.33 from the mean.
PDC Energy (NASDAQ:PDCE): On Fridays trading session , Opening price of the stock was $67.85 with an intraday high of $68.9732. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $66.29. However, the stock managed to close at $67.49, a loss of 0.72% for the day. On the previous day, the stock had closed at $67.98. The total traded volume of the day was 1,372,918 shares.
PDC Energy Inc. is a domestic independent exploration and production Company, which produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs). The Company operates in two segments: Oil and Gas Exploration and Production, and Gas Marketing. The Companys Oil and Gas Exploration and Production segment primarily reflects revenues and expenses from the production and sale of crude oil, natural gas and NGLs, commodity price risk management, net, and well operations and pipeline income. The Companys Gas Marketing segment comprises the operating activities of its wholly owned subsidiary, Riley Natural Gas. The Company operates in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. Its operations in the Wattenberg Field are focused on the liquid-rich horizontal Niobrara and Codell plays. It owns an interest in approximately 2,900 gross producing wells, of which 350 are horizontal.