PDC Energy, Inc. (NASDAQ:PDCE) Given a $67.00 Price Target by Williams Capital Analysts

PDC Energy, Inc. (NASDAQ:PDCE) received a $67.00 price objective from analysts at Williams Capital in a note issued to investors on Tuesday, August 8th. The brokerage presently has a “buy” rating on the energy producer’s stock. Williams Capital’s target price suggests a potential upside of 76.13% from the company’s current price.

Several other analysts have also commented on the stock. Zacks Investment Research upgraded shares of PDC Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub lowered shares of PDC Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Bank of America Corporation assumed coverage on shares of PDC Energy in a report on Wednesday, July 19th. They issued a “buy” rating and a $60.00 price objective for the company. BMO Capital Markets raised their price objective on shares of PDC Energy from $45.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, July 14th. Finally, Scotiabank restated a “hold” rating and issued a $60.00 price objective on shares of PDC Energy in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company. PDC Energy presently has a consensus rating of “Hold” and a consensus target price of $71.57.

Shares of PDC Energy (NASDAQ:PDCE) opened at 38.04 on Tuesday. The company has a 50-day moving average price of $43.44 and a 200-day moving average price of $55.10. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 269.79 and a beta of 0.81. PDC Energy has a 12 month low of $36.74 and a 12 month high of $84.88.

PDC Energy (NASDAQ:PDCE) last issued its quarterly earnings data on Tuesday, August 8th. The energy producer reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.20. PDC Energy had a net margin of 1.03% and a return on equity of 0.53%. The business had revenue of $275.20 million during the quarter, compared to analyst estimates of $218.90 million. During the same period last year, the business posted ($0.11) earnings per share. PDC Energy’s quarterly revenue was up 1269.2% compared to the same quarter last year. On average, equities analysts anticipate that PDC Energy will post $0.15 EPS for the current year.

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A number of large investors have recently bought and sold shares of PDCE. Miles Capital Inc. increased its stake in PDC Energy by 0.3% in the first quarter. Miles Capital Inc. now owns 3,888 shares of the energy producer’s stock worth $242,000 after buying an additional 11 shares during the period. Honkamp Krueger Financial Services Inc. increased its stake in PDC Energy by 0.3% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 13,424 shares of the energy producer’s stock worth $579,000 after buying an additional 40 shares during the period. Amalgamated Bank increased its stake in PDC Energy by 0.9% in the first quarter. Amalgamated Bank now owns 7,120 shares of the energy producer’s stock worth $444,000 after buying an additional 64 shares during the period. PNC Financial Services Group Inc. increased its stake in PDC Energy by 2.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,784 shares of the energy producer’s stock worth $236,000 after buying an additional 93 shares during the period. Finally, Arizona State Retirement System increased its stake in PDC Energy by 0.3% in the second quarter. Arizona State Retirement System now owns 29,199 shares of the energy producer’s stock worth $1,259,000 after buying an additional 100 shares during the period.

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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