PDC Energy (NASDAQ:PDCE) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.65 by 20 Brokerage Firm. 13 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 6 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Brokerage firm Deutsche Bank maintains its rating on PDC Energy (NASDAQ:PDCE). As per the latest information, the brokerage house lowers the price target to $68 per share from a prior target of $70. The shares have been rated Hold. The rating by the firm was issued on June 14, 2016.
PDC Energy (NASDAQ:PDCE): The stock price is expected to reach $ 71.24 in the short term. The number of analysts agreeing with this consensus is 17. The higher estimate for the short term price target is at $80 while the lower estimate is at $61. The standard deviation of the price stands at $4.34.
PDC Energy (NASDAQ:PDCE) rose 4% or 2.19 points on Tuesday and made its way into the gainers of the day. After trading began at $54.78 the stock was seen hitting $57.455 as a peak level and $54.16 as the lowest level. The stock ended up at $56.97. The daily volume was measured at 1,765,149 shares. The 52-week high of the share price is $65.86 and the 52-week low is $41.17. The company has a market cap of $2,639 million.
Shares of PDC Energy, Inc. appreciated by 4.65% during the last five trading days but lost 7.34% on a 4-week basis. PDC Energy, Inc. is up 1.01% in the last 3-month period. Year-to-Date the stock performance stands at 6.73%.
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.