PDC Energy (PDCE) has risen sharply, recording gains of 18.89% in the past 4 weeks. However, the stock has corrected -2.27% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 19.05% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.92% and the 50-Day Moving Average is 13.45%.The 200 Day SMA reached 16.75%. PDC Energy, Inc. is up 12.46% in the last 3-month period. Year-to-Date the stock performance stands at 23.57%.
PDC Energy (NASDAQ:PDCE): The stock opened in the green at $67.63 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $67.78 and a low of $65.2 for the day. The stock did not find buyers even at the lows and closed at $65.96 recording a loss of -1.02%. 1,352,808 shares exchanged hands during the trading day. The stock had closed at $66.64 in the previous days trading.
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.