Williams Capital set a $67.00 target price on PDC Energy, Inc. (NASDAQ:PDCE) in a research note released on Tuesday. The firm currently has a buy rating on the energy producer’s stock.

Other analysts have also issued research reports about the company. Zacks Investment Research lowered PDC Energy from a buy rating to a hold rating in a report on Friday, April 14th. Iberia Capital reissued a sector perform rating and set a $65.00 price objective on shares of PDC Energy in a report on Wednesday, April 26th. Royal Bank Of Canada reissued a buy rating and set a $82.00 price objective on shares of PDC Energy in a report on Tuesday, April 25th. Stifel Nicolaus reissued a buy rating and set a $82.00 price objective on shares of PDC Energy in a report on Tuesday, April 25th. Finally, Barclays PLC reissued a buy rating and set a $80.00 price objective (down previously from $89.00) on shares of PDC Energy in a report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $72.09.

PDC Energy (PDCE) opened at 40.72 on Tuesday. PDC Energy has a 12-month low of $38.54 and a 12-month high of $84.88. The stock has a market cap of $2.66 billion, a PE ratio of 288.79 and a beta of 0.81. The firm has a 50-day moving average price of $43.95 and a 200-day moving average price of $56.44.

PDC Energy (NASDAQ:PDCE) last released its earnings results on Tuesday, August 8th. The energy producer reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.20. The firm had revenue of $275.20 million for the quarter, compared to analyst estimates of $218.90 million. PDC Energy had a return on equity of 0.53% and a net margin of 1.03%. The company’s revenue was up 1269.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.11) EPS. Analysts forecast that PDC Energy will post $0.06 EPS for the current fiscal year.

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Institutional investors have recently modified their holdings of the stock. FMR LLC increased its position in shares of PDC Energy by 4.7% in the first quarter. FMR LLC now owns 7,431,171 shares of the energy producer’s stock valued at $463,333,000 after buying an additional 330,814 shares during the last quarter. BlackRock Inc. increased its position in shares of PDC Energy by 5.5% in the second quarter. BlackRock Inc. now owns 7,272,730 shares of the energy producer’s stock valued at $313,529,000 after buying an additional 381,958 shares during the last quarter. Vanguard Group Inc. increased its position in shares of PDC Energy by 13.5% in the second quarter. Vanguard Group Inc. now owns 5,678,422 shares of the energy producer’s stock valued at $244,797,000 after buying an additional 677,329 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of PDC Energy by 9.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,714,020 shares of the energy producer’s stock valued at $160,110,000 after buying an additional 328,518 shares during the last quarter. Finally, Causeway Capital Management LLC increased its position in shares of PDC Energy by 54.1% in the first quarter. Causeway Capital Management LLC now owns 3,287,928 shares of the energy producer’s stock valued at $234,496,000 after buying an additional 1,154,136 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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