A number of firms have modified their ratings and price targets on shares of PDC Energy (NASDAQ: PDCE) recently:

  • 5/14/2018 – PDC Energy was upgraded by analysts at Johnson Rice from an “accumulate” rating to a “buy” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 5/9/2018 – PDC Energy was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 5/4/2018 – PDC Energy had its price target raised by analysts at SunTrust Banks to $62.00. They now have a “buy” rating on the stock.
  • 5/3/2018 – PDC Energy was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 5/3/2018 – PDC Energy was given a new $79.00 price target on by analysts at Williams Capital. They now have a “buy” rating on the stock.
  • 5/3/2018 – PDC Energy had its price target lowered by analysts at Stifel Nicolaus from $91.00 to $89.00. They now have a “buy” rating on the stock.
  • 4/26/2018 – PDC Energy had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $70.00 price target on the stock.
  • 4/24/2018 – PDC Energy had its “buy” rating reaffirmed by analysts at Stephens. They now have a $73.00 price target on the stock.
  • 4/23/2018 – PDC Energy was given a new $91.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 4/18/2018 – PDC Energy was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 4/16/2018 – PDC Energy had its price target raised by analysts at Bank of America from $68.00 to $71.00. They now have a “buy” rating on the stock.
  • 4/12/2018 – PDC Energy was upgraded by analysts at Goldman Sachs from a “neutral” rating to a “buy” rating.
  • 4/11/2018 – PDC Energy was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “PDC Energy, Inc. is engaged in acquiring, developing and exploring crude oil, NGLs and natural gas. It has operations primarily in the Western and Eastern regions of the United States. Its Western Operating Region is primarily focused on development in the Wattenberg Field in Colorado. Its Eastern Operating Region is focused on development activity in the liquid-rich portion of the Utica Shale play in Ohio. The Company is also focused on development drilling programs in resource plays. PDC Energy, Inc., formerly known as Petroleum Development Corporation, is based in Denver, Colorado. “
  • 4/7/2018 – PDC Energy was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 4/4/2018 – PDC Energy is now covered by analysts at Deutsche Bank. They set a “buy” rating and a $62.00 price target on the stock.
  • 3/28/2018 – PDC Energy was given a new $95.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 3/21/2018 – PDC Energy is now covered by analysts at Johnson Rice. They set a “buy” rating and a $66.00 price target on the stock.
  • 3/19/2018 – PDC Energy was given a new $71.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.

NASDAQ:PDCE opened at $63.58 on Friday. PDC Energy has a one year low of $59.69 and a one year high of $60.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market cap of $3.97 billion, a P/E ratio of -18.27, a price-to-earnings-growth ratio of 0.65 and a beta of 0.67.

PDC Energy (NASDAQ:PDCE) last posted its quarterly earnings data on Monday, February 26th. The energy producer reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. PDC Energy had a negative net margin of 19.50% and a positive return on equity of 1.47%. The business had revenue of $189.52 million for the quarter, compared to analyst estimates of $263.28 million. research analysts anticipate that PDC Energy will post 2.39 EPS for the current fiscal year.

In related news, EVP Lance Lauck sold 10,000 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $53.95, for a total transaction of $539,500.00. Following the sale, the executive vice president now owns 100,228 shares of the company’s stock, valued at $5,407,300.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Barton R. Brookman, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $48.92, for a total transaction of $73,380.00. Following the completion of the transaction, the insider now owns 211,026 shares in the company, valued at approximately $10,323,391.92. The disclosure for this sale can be found here. Insiders have sold 32,614 shares of company stock worth $1,747,432 in the last three months. 1.00% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Glen Harbor Capital Management LLC lifted its stake in shares of PDC Energy by 12.6% in the first quarter. Glen Harbor Capital Management LLC now owns 8,232 shares of the energy producer’s stock worth $404,000 after buying an additional 924 shares in the last quarter. Profund Advisors LLC lifted its stake in shares of PDC Energy by 7.4% in the first quarter. Profund Advisors LLC now owns 13,846 shares of the energy producer’s stock worth $679,000 after buying an additional 953 shares in the last quarter. Meadow Creek Investment Management LLC lifted its stake in shares of PDC Energy by 20.8% in the fourth quarter. Meadow Creek Investment Management LLC now owns 5,742 shares of the energy producer’s stock worth $296,000 after buying an additional 990 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of PDC Energy by 5.2% in the fourth quarter. Whittier Trust Co. now owns 21,113 shares of the energy producer’s stock worth $1,088,000 after buying an additional 1,053 shares in the last quarter. Finally, Dubuque Bank & Trust Co. lifted its stake in shares of PDC Energy by 31.8% in the first quarter. Dubuque Bank & Trust Co. now owns 4,469 shares of the energy producer’s stock worth $219,000 after buying an additional 1,077 shares in the last quarter.

PDC Energy, Inc, an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company's operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas.

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