Analyst Rating Update on PDC Energy (PDCE)

PDC Energy (NASDAQ:PDCE) has an average broker rating of 1.65, which is interpreted as a Buy, as rated by 20 equity analysts. Nonetheless, 13 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

PDC Energy (NASDAQ:PDCE) : Currently there are 17 street experts covering PDC Energy (NASDAQ:PDCE) stock. The most bullish and bearish price target for the stock is $80 and $61 respectively for the short term. The average price target of all the analysts comes to $71.24. The estimated standard deviation from the target is $4.34.

For the current week, the company shares have a recommendation consensus of Buy.

PDC Energy (NASDAQ:PDCE): stock turned positive on Tuesday. Though the stock opened at $55.44, the bulls momentum made the stock top out at $55.93 level for the day. The stock recorded a low of $54.56 and closed the trading day at $55.31, in the green by 1.77%. The total traded volume for the day was 837,000. The stock had closed at $54.35 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (CFO) of Pdc Energy, Inc., Shellum Gysle R. had sold 2,438 shares worth of $155,983 in a transaction dated May 17, 2016. In this transaction, 2,438 shares were sold at $63.98 per share.

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.

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