PDC Energy (PDCE) Shares are Up 3.14%

PDC Energy (PDCE) : Traders are bullish on PDC Energy (PDCE) as it has outperformed the S&P 500 by a wide margin of 2.22% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.97%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.14% in the last 1 week, and is up 1.67% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 2.91% and the 50-Day Moving Average is 8.54%.The 200 Day SMA reached 17%

PDC

PDC Energy (NASDAQ:PDCE): After opening at $67.23, the stock dipped to an intraday low of $65.63 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $67.88 and the buying power remained strong till the end. The stock closed at $67.06 for the day, a gain of 0.65% for the day session. The total traded volume was 2,149,369. The stocks close on the previous trading day was $67.06.

PDC Energy (PDCE) : The highest short term price target forecast on PDC Energy (PDCE) is $87 and the lowest target price is $58. A total of 18 equity analysts are currently covering the company. The average price of all the analysts is $76.94 with a standard deviation of $6.8.

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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