Somewhat Favorable Media Coverage Somewhat Unlikely to Impact PDC Energy (PDCE) Stock Price
News articles about PDC Energy (NASDAQ:PDCE) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, 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 news articles about the energy producer an impact score of 45.1729229232444 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of research analysts have commented on the company. Stifel Nicolaus restated a “buy” rating and issued a $82.00 target price on shares of PDC Energy in a research note on Friday, May 26th. Credit Suisse Group downgraded PDC Energy from an “outperform” rating to a “neutral” rating and set a $69.00 target price on the stock. in a research note on Thursday, June 1st. BidaskClub upgraded PDC Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Seaport Global Securities downgraded PDC Energy from a “buy” rating to a “neutral” rating and lowered their target price for the company from $89.00 to $46.00 in a research note on Wednesday, June 21st. Finally, BMO Capital Markets set a $45.00 target price on PDC Energy and gave the company a “hold” rating in a research note on Monday, June 26th. 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 company has a consensus rating of “Hold” and a consensus price target of $71.36.
PDC Energy (NASDAQ PDCE) opened at 39.87 on Monday. The firm has a 50-day moving average price of $41.57 and a 200-day moving average price of $51.72. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 282.77 and a beta of 0.83. PDC Energy has a 12 month low of $36.74 and a 12 month high of $84.88.
PDC Energy (NASDAQ:PDCE) last announced its quarterly earnings results on Tuesday, August 8th. The energy producer reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.20. The company had revenue of $275.20 million during the quarter, compared to the consensus estimate of $218.90 million. PDC Energy had a net margin of 1.03% and a return on equity of 0.53%. The company’s revenue for the quarter was up 1269.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.11) earnings per share. On average, equities analysts anticipate that PDC Energy will post $0.20 earnings per share for the current fiscal year.
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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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