Somewhat Positive Press Coverage Somewhat Unlikely to Impact PDC Energy (PDCE) Share Price
Press coverage about PDC Energy (NASDAQ:PDCE) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public 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 0.17 on Accern’s scale. Accern also assigned news headlines about the energy producer an impact score of 44 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- BMO Capital Markets Boosts PDC Energy, Inc. (NASDAQ:PDCE) Price Target to $48.00 (americanbankingnews.com)
- US Crude Oil Production Near 2-Year High (finance.yahoo.com)
- 40.3% Return Seen to Date on SmarTrend Pdc Energy Inc Call (PDCE) (mysmartrend.com)
- A US oil drilling recovery is taking off in shale country far beyond Texas (finance.yahoo.com)
- Piedmont Investment Advisors LLC Invests $208000 in PDC Energy, Inc. (NASDAQ:PDCE) (nolopodrasdejardever.com)
Several brokerages recently weighed in on PDCE. Zacks Investment Research cut shares of PDC Energy from a “buy” rating to a “hold” rating in a research note on Friday, April 14th. UBS AG began coverage on shares of PDC Energy in a research note on Thursday, March 23rd. They issued a “neutral” rating and a $70.00 price objective on the stock. Tudor Pickering began coverage on shares of PDC Energy in a research note on Thursday, March 30th. They issued a “hold” rating and a $87.00 price objective on the stock. Williams Capital reissued a “buy” rating and issued a $94.00 price objective on shares of PDC Energy in a research note on Monday, April 10th. Finally, Scotiabank set a $75.00 price objective on shares of PDC Energy and gave the stock a “hold” rating in a research note on Monday, March 27th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $74.73.
PDC Energy (NASDAQ PDCE) traded down 1.65% during midday trading on Friday, hitting $44.04. 786,473 shares of the stock traded hands. The stock’s market capitalization is $2.90 billion. The stock’s 50-day moving average price is $48.30 and its 200-day moving average price is $63.05. PDC Energy has a 52 week low of $40.12 and a 52 week high of $84.88.
PDC Energy (NASDAQ:PDCE) last posted its earnings results on Friday, May 5th. The energy producer reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.03. PDC Energy had a negative return on equity of 0.20% and a negative net margin of 22.67%. The company had revenue of $273.70 million during the quarter, compared to analysts’ expectations of $182.05 million. During the same period in the prior year, the business posted ($0.89) earnings per share. The company’s revenue for the quarter was up 201.4% on a year-over-year basis. Equities research analysts expect that PDC Energy will post $0.17 EPS for the current fiscal year.
In other news, Director Joseph E. Casabona sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $63.29, for a total value of $63,290.00. Following the completion of the sale, the director now directly owns 30,456 shares of the company’s stock, valued at approximately $1,927,560.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.91% of the company’s stock.
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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