Stock analysts at Wolfe Research started coverage on shares of PDC Energy, Inc. (NASDAQ:PDCE) in a research report issued to clients and investors on Tuesday. The firm set a “market perform” rating on the energy producer’s stock.

A number of other research analysts also recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $81.00 price objective (down from $82.00) on shares of PDC Energy in a research note on Tuesday, November 7th. SunTrust Banks, Inc. set a $55.00 price objective on PDC Energy and gave the company a “buy” rating in a research note on Sunday, October 29th. Mizuho reiterated a “buy” rating and set a $55.00 price objective on shares of PDC Energy in a research note on Friday, October 27th. Williams Capital boosted their price objective on PDC Energy from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Barclays PLC boosted their price objective on PDC Energy from $59.00 to $63.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $68.86.

Shares of PDC Energy (PDCE) traded down $1.79 during trading hours on Tuesday, hitting $48.21. The company had a trading volume of 1,547,900 shares, compared to its average volume of 1,090,328. The company has a market cap of $3,293.64, a P/E ratio of 128.21 and a beta of 0.82. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. PDC Energy has a 52 week low of $36.74 and a 52 week high of $84.88.

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In other news, COO Scott J. Reasoner sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $49.64, for a total transaction of $49,640.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.91% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PDCE. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of PDC Energy by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,395 shares of the energy producer’s stock valued at $103,000 after purchasing an additional 209 shares during the last quarter. Seven Eight Capital LP bought a new position in PDC Energy in the 2nd quarter valued at $107,000. Flinton Capital Management LLC grew its position in PDC Energy by 67.0% in the 2nd quarter. Flinton Capital Management LLC now owns 2,912 shares of the energy producer’s stock valued at $126,000 after acquiring an additional 1,168 shares during the last quarter. Dubuque Bank & Trust Co. grew its position in PDC Energy by 38.0% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 3,262 shares of the energy producer’s stock valued at $141,000 after acquiring an additional 899 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its position in PDC Energy by 67.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,528 shares of the energy producer’s stock valued at $195,000 after acquiring an additional 1,828 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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