PDC Energy (PDCE) Earning Somewhat Positive Press Coverage, Report Shows
Headlines about PDC Energy (NASDAQ:PDCE) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media 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 nearest to one being the most favorable. PDC Energy earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media coverage about the energy producer an impact score of 45.2830942413022 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of PDC Energy (NASDAQ:PDCE) opened at 39.58 on Tuesday. PDC Energy has a 12-month low of $36.74 and a 12-month high of $84.88. The firm has a market cap of $2.59 billion, a P/E ratio of 280.71 and a beta of 0.83. The company has a 50-day moving average of $42.12 and a 200 day moving average of $52.64.
PDC Energy (NASDAQ:PDCE) last announced its quarterly earnings data on Tuesday, August 8th. The energy producer reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.20. The firm had revenue of $275.20 million during the quarter, compared to analyst estimates of $218.90 million. PDC Energy had a return on equity of 0.53% and a net margin of 1.03%. The company’s revenue was up 1269.2% on a year-over-year basis. During the same period last year, the company earned ($0.11) earnings per share. Equities analysts predict that PDC Energy will post $0.20 EPS for the current year.
Several analysts have weighed in on PDCE shares. BidaskClub upgraded shares of PDC Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Credit Suisse Group lowered shares of PDC Energy from an “outperform” rating to a “neutral” rating and set a $69.00 target price for the company. in a research note on Thursday, June 1st. Seaport Global Securities upgraded shares of PDC Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $46.00 to $51.00 in a research note on Friday, August 11th. Royal Bank Of Canada lowered their target price on shares of PDC Energy from $82.00 to $78.00 and set an “outperform” rating for the company in a research note on Wednesday, May 10th. Finally, Scotiabank reiterated a “hold” rating and set a $60.00 target price on shares of PDC Energy in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $71.36.
PDC Energy Company Profile
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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