PDC Energy Inc (NASDAQ:PDCE)‘s stock had its “buy” rating reiterated by research analysts at Cantor Fitzgerald in a research note issued on Monday, Market Beat Ratings reports. They presently have a $63.00 price objective on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 26.33% from the stock’s current price.

A number of other analysts have also issued reports on PDCE. Canaccord Genuity reiterated a “buy” rating and set a $64.00 price target on shares of PDC Energy in a research note on Monday. JPMorgan Chase & Co. started coverage on shares of PDC Energy in a research note on Wednesday, December 9th. They set an “overweight” rating and a $72.00 price target on the stock. RBC Capital boosted their price target on shares of PDC Energy from $61.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, November 6th. Wunderlich boosted their price target on shares of PDC Energy from $68.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, November 6th. Finally, Scotiabank reiterated a “sector outperform” rating on shares of PDC Energy in a research note on Thursday, December 3rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $71.30.

In other PDC Energy news, CFO Gysle R. Shellum sold 13,181 shares of the firm’s stock in a transaction on Thursday, December 10th. The stock was sold at an average price of $56.63, for a total value of $746,440.03. Following the completion of the sale, the chief financial officer now owns 31,100 shares of the company’s stock, valued at $1,761,193. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Gysle R. Shellum sold 5,247 shares of the firm’s stock in a transaction on Monday, November 30th. The shares were sold at an average price of $56.60, for a total value of $296,980.20. Following the completion of the sale, the chief financial officer now directly owns 44,281 shares of the company’s stock, valued at approximately $2,506,304.60. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in PDC Energy stock. Jennison Associates raised its position in shares of PDC Energy Inc (NASDAQ:PDCE) by 8.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,786,661 shares of the company’s stock after buying an additional 219,413 shares during the period. Jennison Associates owned 6.95% of PDC Energy worth $147,721,000 as of its most recent SEC filing.

PDC Energy (NASDAQ:PDCE) traded down 1.18% during mid-day trading on Monday, reaching $49.28. 247,880 shares of the company were exchanged. PDC Energy has a 1-year low of $41.17 and a 1-year high of $64.99. The firm has a market capitalization of $1.95 billion and a P/E ratio of 31.05. The stock has a 50-day moving average of $53.96 and a 200 day moving average of $54.15.

PDC Energy (NASDAQ:PDCE) last posted its earnings results on Thursday, November 5th. The company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.08. The business had revenue of $231.10 million for the quarter, compared to the consensus estimate of $160.78 million. During the same quarter in the prior year, the firm earned $1.47 earnings per share. PDC Energy’s revenue was up 2.9% compared to the same quarter last year. Equities research analysts forecast that PDC Energy will post $1.33 earnings per share for the current year.

PDC Energy Inc. is a domestic independent exploration and production Company, which produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NASDAQ:PDCE). The Company operates in two segments: Oil and Gas Exploration and Production, and Gas Marketing. The Company’s Oil and Gas Exploration and Production segment primarily reflects revenues and expenses from the production and sale of crude oil, natural gas and NGLs, commodity price risk management, net, and well operations and pipeline income. The Company’s Gas Marketing segment comprises the operating activities of its wholly owned subsidiary, Riley Natural Gas. The Company operates in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. Its operations in the Wattenberg Field are focused on the liquid-rich horizontal Niobrara and Codell plays. It owns an interest in approximately 2,900 gross producing wells, of which 350 are horizontal.

12 Month Chart for NASDAQ:PDCE

Receive News & Ratings for PDC Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PDC Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.