PDC Energy (PDCE) Given News Sentiment Rating of 0.19

News articles about PDC Energy (NASDAQ:PDCE) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. PDC Energy earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the energy producer an impact score of 45.6349689236585 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

Shares of PDC Energy (NASDAQ:PDCE) opened at 43.80 on Friday. The firm has a market cap of $2.86 billion, a P/E ratio of 310.64 and a beta of 0.83. PDC Energy has a 12-month low of $36.74 and a 12-month high of $84.88. The company’s 50 day moving average price is $41.03 and its 200-day moving average price is $50.67.

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

Several equities analysts have recently commented on the company. Seaport Global Securities upgraded PDC Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $46.00 to $51.00 in a research note on Friday, August 11th. Mizuho upgraded PDC Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $53.00 to $55.00 in a research note on Wednesday, August 9th. Imperial Capital assumed coverage on PDC Energy in a research note on Friday, August 18th. They set an “outperform” rating and a $66.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $76.00 target price on shares of PDC Energy in a research note on Wednesday, August 16th. Finally, Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of PDC Energy in a research note on Monday, August 21st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. PDC Energy currently has an average rating of “Hold” and a consensus target price of $71.14.

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About PDC Energy

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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