PDC Energy (NASDAQ:PDCE)‘s stock had its “buy” rating reiterated by analysts at Williams Capital in a research report issued on Monday. They currently have a $55.00 price target on the energy producer’s stock. Williams Capital’s target price indicates a potential upside of 81.88% from the company’s previous close.

A number of other brokerages have also weighed in on PDCE. Wolfe Research lowered shares of PDC Energy from a “market perform” rating to an “underperform” rating in a report on Monday, December 10th. JPMorgan Chase & Co. set a $35.00 price objective on shares of PDC Energy and gave the stock a “buy” rating in a report on Friday, January 25th. BMO Capital Markets upgraded shares of PDC Energy from a “market perform” rating to an “outperform” rating in a report on Monday, January 7th. They noted that the move was a valuation call. ValuEngine downgraded shares of PDC Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Finally, Capital One Financial raised shares of PDC Energy from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 30th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company. PDC Energy presently has a consensus rating of “Buy” and a consensus price target of $63.80.

Shares of PDCE stock traded down $0.58 during trading hours on Monday, hitting $30.24. 23,676 shares of the company’s stock traded hands, compared to its average volume of 1,116,528. PDC Energy has a 12-month low of $26.59 and a 12-month high of $66.20. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -8.71, a PEG ratio of 0.35 and a beta of 0.82. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.38 and a current ratio of 0.38.

In other PDC Energy news, Director Anthony J. Crisafio sold 1,500 shares of the company’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $34.21, for a total value of $51,315.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David C. Parke sold 700 shares of the company’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $40.07, for a total transaction of $28,049.00. Following the completion of the transaction, the director now owns 12,641 shares in the company, valued at $506,524.87. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue grew its stake in PDC Energy by 1.5% in the 4th quarter. State of Alaska Department of Revenue now owns 22,090 shares of the energy producer’s stock worth $657,000 after acquiring an additional 325 shares in the last quarter. Piedmont Investment Advisors Inc. grew its stake in PDC Energy by 3.3% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 15,729 shares of the energy producer’s stock worth $468,000 after acquiring an additional 504 shares in the last quarter. Teton Advisors Inc. grew its stake in PDC Energy by 8.5% in the 4th quarter. Teton Advisors Inc. now owns 7,700 shares of the energy producer’s stock worth $229,000 after acquiring an additional 600 shares in the last quarter. Dubuque Bank & Trust Co. bought a new position in PDC Energy in the 4th quarter worth about $26,000. Finally, Nisa Investment Advisors LLC grew its stake in PDC Energy by 13.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,760 shares of the energy producer’s stock worth $478,000 after acquiring an additional 1,190 shares in the last quarter.

PDC Energy Company Profile

PDC Energy, Inc, an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company's operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas.

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Analyst Recommendations for PDC Energy (NASDAQ:PDCE)

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