PDC Energy, Inc. (PDCE) Earns “Buy” Rating from Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of PDC Energy, Inc. (NASDAQ:PDCE) in a research report sent to investors on Tuesday, November 7th, Marketbeat reports. Stifel Nicolaus currently has a $81.00 target price on the energy producer’s stock, down from their prior target price of $82.00.

PDCE has been the topic of several other reports. Mitsubishi UFJ Financial Group reaffirmed a neutral rating on shares of PDC Energy in a research report on Monday, August 21st. KeyCorp reaffirmed a buy rating and issued a $55.00 target price on shares of PDC Energy in a research report on Tuesday, September 26th. Imperial Capital started coverage on PDC Energy in a research report on Friday, August 18th. They issued an outperform rating and a $66.00 target price on the stock. Zacks Investment Research raised PDC Energy from a sell rating to a hold rating in a report on Tuesday, August 8th. Finally, BidaskClub lowered PDC Energy from a hold rating to a sell rating in a report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $69.00.

Shares of PDC Energy (NASDAQ:PDCE) opened at $45.91 on Tuesday. PDC Energy has a 52-week low of $36.74 and a 52-week high of $84.88. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $3,020.00, a price-to-earnings ratio of 117.72 and a beta of 0.82.

In related news, COO Scott J. Reasoner sold 1,000 shares of PDC Energy stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. 0.91% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in PDCE. Teachers Advisors LLC grew its holdings in PDC Energy by 3.5% during the first quarter. Teachers Advisors LLC now owns 105,212 shares of the energy producer’s stock worth $6,560,000 after acquiring an additional 3,511 shares during the period. PNC Financial Services Group Inc. grew its holdings in PDC Energy by 2.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,784 shares of the energy producer’s stock worth $236,000 after acquiring an additional 93 shares during the period. UBS Group AG grew its holdings in PDC Energy by 101.1% during the first quarter. UBS Group AG now owns 14,621 shares of the energy producer’s stock worth $912,000 after acquiring an additional 1,395,552 shares during the period. Amalgamated Bank grew its holdings in PDC Energy by 0.9% during the first quarter. Amalgamated Bank now owns 7,120 shares of the energy producer’s stock worth $444,000 after acquiring an additional 64 shares during the period. Finally, Metropolitan Life Insurance Co. NY grew its holdings in PDC Energy by 2.3% during the first quarter. Metropolitan Life Insurance Co. NY now owns 38,528 shares of the energy producer’s stock worth $2,402,000 after acquiring an additional 849 shares during the period.

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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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