PDC Energy, Inc. (PDCE) Given a $53.00 Price Target by BMO Capital Markets Analysts

BMO Capital Markets set a $53.00 target price on PDC Energy, Inc. (NASDAQ:PDCE) in a research report released on Tuesday. The brokerage currently has a hold rating on the energy producer’s stock.

Several other brokerages also recently weighed in on PDCE. BidaskClub raised PDC Energy from a strong sell rating to a sell rating in a research note on Wednesday, June 14th. Stifel Nicolaus set a $69.00 price objective on PDC Energy and gave the stock a buy rating in a research note on Thursday, October 5th. Seaport Global Securities raised PDC Energy from a neutral rating to a buy rating and boosted their price objective for the stock from $46.00 to $51.00 in a research note on Friday, August 11th. Scotiabank reissued a hold rating and issued a $60.00 price objective on shares of PDC Energy in a research note on Friday, June 30th. Finally, Zacks Investment Research downgraded PDC Energy from a hold rating to a strong sell rating in a research note on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $69.91.

PDC Energy (PDCE) opened at 48.47 on Tuesday. PDC Energy has a one year low of $36.74 and a one year high of $84.88. The company’s 50-day moving average price is $43.85 and its 200-day moving average price is $48.38. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 343.76 and a beta of 0.84.

PDC Energy (NASDAQ:PDCE) last announced its earnings results on Tuesday, August 8th. The energy producer reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.20. The firm 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 firm’s revenue for the quarter was up 1269.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.11) EPS. On average, analysts anticipate that PDC Energy will post $0.20 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “PDC Energy, Inc. (PDCE) Given a $53.00 Price Target by BMO Capital Markets Analysts” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/11/pdc-energy-inc-pdce-given-a-53-00-price-target-by-bmo-capital-markets-analysts.html.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Honkamp Krueger Financial Services Inc. boosted its position in PDC Energy by 0.3% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 13,424 shares of the energy producer’s stock valued at $579,000 after purchasing an additional 40 shares during the last quarter. Amalgamated Bank lifted its position in shares of 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 last quarter. PNC Financial Services Group Inc. lifted its position in shares of 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 last quarter. Arizona State Retirement System lifted its position in shares of 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 last quarter. Finally, US Bancorp DE lifted its positi

Several other brokerages also recently weighed in on PDCE. BidaskClub raised PDC Energy from a strong sell rating to a sell rating in a research note on Wednesday, June 14th. Stifel Nicolaus set a $69.00 price objective on PDC Energy and gave the stock a buy rating in a research note on Thursday, October 5th. Seaport Global Securities raised PDC Energy from a neutral rating to a buy rating and boosted their price objective for the stock from $46.00 to $51.00 in a research note on Friday, August 11th. Scotiabank reissued a hold rating and issued a $60.00 price objective on shares of PDC Energy in a research note on Friday, June 30th. Finally, Zacks Investment Research downgraded PDC Energy from a hold rating to a strong sell rating in a research note on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $69.91.

PDC Energy (PDCE) opened at 48.47 on Tuesday. PDC Energy has a one year low of $36.74 and a one year high of $84.88. The company’s 50-day moving average price is $43.85 and its 200-day moving average price is $48.38. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 343.76 and a beta of 0.84.

PDC Energy (NASDAQ:PDCE) last announced its earnings results on Tuesday, August 8th. The energy producer reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.20. The firm 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 firm’s revenue for the quarter was up 1269.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.11) EPS. On average, analysts anticipate that PDC Energy will post $0.20 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “PDC Energy, Inc. (PDCE) Given a $53.00 Price Target by BMO Capital Markets Analysts” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/11/pdc-energy-inc-pdce-given-a-53-00-price-target-by-bmo-capital-markets-analysts.html.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Honkamp Krueger Financial Services Inc. boosted its position in PDC Energy by 0.3% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 13,424 shares of the energy producer’s stock valued at $579,000 after purchasing an additional 40 shares during the last quarter. Amalgamated Bank lifted its position in shares of 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 last quarter. PNC Financial Services Group Inc. lifted its position in shares of 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 last quarter. Arizona State Retirement System lifted its position in shares of 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 last quarter. Finally, US Bancorp DE lifted its position in shares of PDC Energy by 3.4% in the first quarter. US Bancorp DE now owns 3,903 shares of the energy producer’s stock worth $243,000 after buying an additional 127 shares during the last quarter.

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.

Analyst Recommendations for PDC Energy (NASDAQ:PDCE)

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