Analyst Rating Update on PDC Energy (PDCE)

PDC Energy (PDCE) : Zacks Investment Research ranks PDC Energy (PDCE) as 3, which is a Hold recommendation. 12 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 20 research analysts is 1.7, which indicates as a Buy.

PDC Energy (PDCE) : 17 Wall Street analysts covering PDC Energy (PDCE) believe that the average level the stock could reach for the short term is $72. The maximum price target given is $86 and the minimum target for short term is around $61, hence the standard deviation is calculated at $5.43.

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


PDC Energy (NASDAQ:PDCE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.70 and $53.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.83, notching a gain of 2.43% for the day. The total traded volume was 1,124,754 . The stock had closed at $53.53 on the previous day.

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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