Can analysts adopt a bullish outlook for PDC Energy, Inc. (NASDAQ:PDCE)?

April 26, 2018 - By Darrin Black

PDC Energy, Inc. (NASDAQ:PDCE) LogoInvestors sentiment decreased to 1.15 in 2017 Q4. Its down 0.45, from 1.6 in 2017Q3. It turned negative, as 32 investors sold PDC Energy, Inc. shares while 59 reduced holdings. 27 funds opened positions while 78 raised stakes. 66.20 million shares or 3.37% more from 64.04 million shares in 2017Q3 were reported.
Inv Services Wi owns 7,186 shares. California-based California State Teachers Retirement Systems has invested 0.01% in PDC Energy, Inc. (NASDAQ:PDCE). Arizona State Retirement reported 110,714 shares. Etrade Cap Mgmt Limited Liability stated it has 4,107 shares or 0.01% of all its holdings. Moreover, Virginia Retirement Sys Et Al has 0% invested in PDC Energy, Inc. (NASDAQ:PDCE). Pinnacle Assoc Limited reported 34,150 shares stake. Teachers Retirement Systems Of The State Of Kentucky has invested 0.03% in PDC Energy, Inc. (NASDAQ:PDCE). Los Angeles Capital Mngmt & Equity Inc owns 6,961 shares for 0% of their portfolio. California Public Employees Retirement Systems reported 0.01% stake. Rhumbline Advisers invested in 162,421 shares. Congress Asset Mgmt Company Ma has invested 0.07% in PDC Energy, Inc. (NASDAQ:PDCE). Alliancebernstein L P reported 842,532 shares. Victory Cap Management Inc holds 0.34% or 3.16M shares. Lazard Asset Mgmt Llc reported 0% stake. Employees Retirement System Of Texas holds 15,000 shares or 0.01% of its portfolio.

Since January 10, 2018, it had 0 insider purchases, and 13 insider sales for $2.03 million activity. Another trade for 10,000 shares valued at $539,500 was sold by Lauck Lance. Amidon Daniel Willson had sold 9,114 shares worth $491,062 on Friday, March 9. $55,000 worth of stock was sold by REASONER SCOTT J on Tuesday, April 17. BROOKMAN BARTON R JR also sold $77,790 worth of PDC Energy, Inc. (NASDAQ:PDCE) shares. On Friday, March 2 PARKE DAVID C sold $211,120 worth of PDC Energy, Inc. (NASDAQ:PDCE) or 4,000 shares.

PDC Energy, Inc. (NASDAQ:PDCE) Ratings Coverage

Among 17 analysts covering PDC Energy (NASDAQ:PDCE), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. PDC Energy had 28 analyst reports since October 29, 2017 according to SRatingsIntel. The stock of PDC Energy, Inc. (NASDAQ:PDCE) earned “Buy” rating by Bank of America on Thursday, March 8. Mizuho maintained PDC Energy, Inc. (NASDAQ:PDCE) rating on Tuesday, January 16. Mizuho has “Buy” rating and $66.0 target. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, November 7. As per Monday, April 16, the company rating was maintained by Bank of America. BMO Capital Markets maintained it with “Hold” rating and $55.0 target in Tuesday, November 14 report. Williams Capital Group maintained PDC Energy, Inc. (NASDAQ:PDCE) on Tuesday, February 27 with “Buy” rating. The firm has “Buy” rating given on Wednesday, December 13 by Stifel Nicolaus. The stock of PDC Energy, Inc. (NASDAQ:PDCE) earned “Neutral” rating by Credit Suisse on Tuesday, February 27. On Sunday, January 21 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The firm earned “Buy” rating on Sunday, October 29 by SunTrust. Below is a list of PDC Energy, Inc. (NASDAQ:PDCE) latest ratings and price target changes.

24/04/2018 Broker: Stephens Rating: Buy New Target: $73.0000 Maintain
23/04/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $91.0000 Maintain
16/04/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $68 New Target: $71 Maintain
12/04/2018 Broker: Goldman Sachs Old Rating: Neutral New Rating: Buy Upgrade
04/04/2018 Broker: Deutsche Bank Rating: Buy New Target: $62.0000 Initiate
28/03/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $95.0000 Maintain
21/03/2018 Broker: Johnson Rice Rating: Buy New Target: $66.0 Initiate
19/03/2018 Broker: Jefferies Rating: Buy New Target: $71.0 Maintain
12/03/2018 Broker: BMO Capital Markets Rating: Hold New Target: $60.0 Maintain
08/03/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $50 New Target: $55 Maintain

The stock increased 0.27% or $0.15 during the last trading session, reaching $54.81. About 301,988 shares traded. PDC Energy, Inc. (NASDAQ:PDCE) has declined 20.05% since April 26, 2017 and is downtrending. It has underperformed by 31.60% the S&P500.

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 has market cap of $3.62 billion. It operates through two divisions, Oil and Gas Exploration and Production, and Gas Marketing. It currently has negative earnings. The Oil and Gas Exploration and Production segment produces and sells natural gas and natural gas liquids to midstream service providers and marketers; and crude oil.

PDC Energy, Inc. (NASDAQ:PDCE) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: