Breaking: PDC Energy (NASDAQ:PDCE) Buy Rating Reconfirmed by Bank of America Today; The Target Price per Share Given is $71

April 17, 2018 - By Bradley Stiles

PDC Energy, Inc. (NASDAQ:PDCE) Logo

Investors sentiment decreased to 1.15 in 2017 Q4. Its down 0.45, from 1.6 in 2017Q3. It is 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.

Cim Investment Mangement Inc owns 12,778 shares. The California-based Aperio Grp Inc Ltd Llc has invested 0.01% in PDC Energy, Inc. (NASDAQ:PDCE). Swiss Financial Bank has 94,366 shares for 0.01% of their portfolio. Pinebridge Investments Limited Partnership holds 0.08% of its portfolio in PDC Energy, Inc. (NASDAQ:PDCE) for 57,562 shares. Moreover, Captrust Advsr has 0% invested in PDC Energy, Inc. (NASDAQ:PDCE) for 161 shares. Peak6 Investments L P invested in 11,451 shares. Reilly Advisors Limited Liability owns 37 shares for 0% of their portfolio. Parkside Retail Bank & Tru has invested 0% of its portfolio in PDC Energy, Inc. (NASDAQ:PDCE). Manufacturers Life Insur The stated it has 50,334 shares. Savings Bank Of Montreal Can invested 0% of its portfolio in PDC Energy, Inc. (NASDAQ:PDCE). King Luther Cap Mngmt Corp holds 26,880 shares. Girard Partners Limited holds 0.08% or 8,450 shares in its portfolio. Sg Americas Securities Ltd Liability Co reported 0% of its portfolio in PDC Energy, Inc. (NASDAQ:PDCE). The Pennsylvania-based Glenmede Tru Na has invested 0.05% in PDC Energy, Inc. (NASDAQ:PDCE). Ny State Common Retirement Fund holds 0.04% or 619,418 shares.

Since January 10, 2018, it had 0 insider purchases, and 11 sales for $1.94 million activity. Amidon Daniel Willson sold $491,062 worth of PDC Energy, Inc. (NASDAQ:PDCE) on Friday, March 9. The insider SWOVELAND JEFFREY C sold $94,911. Another trade for 1,500 shares valued at $79,335 was sold by BROOKMAN BARTON R JR. The insider PARKE DAVID C sold 4,000 shares worth $211,120. $55,830 worth of PDC Energy, Inc. (NASDAQ:PDCE) shares were sold by REASONER SCOTT J.

PDC Energy (NASDAQ:PDCE) Rating Reaffirmed

The firm has just set a PT of $71 on PDC Energy (NASDAQ:PDCE) shares. This is 28.79 % from the last stock price. In an analyst note issued to investors and clients on Monday morning, Bank of America reaffirmed their Buy rating on shares of PDCE.

Investors sentiment decreased to 1.15 in 2017 Q4. Its down 0.45, from 1.6 in 2017Q3. It is 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.

Cim Investment Mangement Inc owns 12,778 shares. The California-based Aperio Grp Inc Ltd Llc has invested 0.01% in PDC Energy, Inc. (NASDAQ:PDCE). Swiss Financial Bank has 94,366 shares for 0.01% of their portfolio. Pinebridge Investments Limited Partnership holds 0.08% of its portfolio in PDC Energy, Inc. (NASDAQ:PDCE) for 57,562 shares. Moreover, Captrust Advsr has 0% invested in PDC Energy, Inc. (NASDAQ:PDCE) for 161 shares. Peak6 Investments L P invested in 11,451 shares. Reilly Advisors Limited Liability owns 37 shares for 0% of their portfolio. Parkside Retail Bank & Tru has invested 0% of its portfolio in PDC Energy, Inc. (NASDAQ:PDCE). Manufacturers Life Insur The stated it has 50,334 shares. Savings Bank Of Montreal Can invested 0% of its portfolio in PDC Energy, Inc. (NASDAQ:PDCE). King Luther Cap Mngmt Corp holds 26,880 shares. Girard Partners Limited holds 0.08% or 8,450 shares in its portfolio. Sg Americas Securities Ltd Liability Co reported 0% of its portfolio in PDC Energy, Inc. (NASDAQ:PDCE). The Pennsylvania-based Glenmede Tru Na has invested 0.05% in PDC Energy, Inc. (NASDAQ:PDCE). Ny State Common Retirement Fund holds 0.04% or 619,418 shares.

Since January 10, 2018, it had 0 insider purchases, and 11 sales for $1.94 million activity. Amidon Daniel Willson sold $491,062 worth of PDC Energy, Inc. (NASDAQ:PDCE) on Friday, March 9. The insider SWOVELAND JEFFREY C sold $94,911. Another trade for 1,500 shares valued at $79,335 was sold by BROOKMAN BARTON R JR. The insider PARKE DAVID C sold 4,000 shares worth $211,120. $55,830 worth of PDC Energy, Inc. (NASDAQ:PDCE) shares were sold by REASONER SCOTT J.

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 has $9500 highest and $51.0 lowest target. $69.40’s average target is 25.88% above currents $55.13 stock price. PDC Energy had 26 analyst reports since October 29, 2017 according to SRatingsIntel. The stock of PDC Energy, Inc. (NASDAQ:PDCE) earned “Buy” rating by Stifel Nicolaus on Wednesday, December 13. The firm has “Buy” rating by Mizuho given on Tuesday, January 16. The rating was maintained by Williams Capital Group on Tuesday, December 12 with “Buy”. The company was maintained on Monday, March 12 by BMO Capital Markets. The rating was initiated by Johnson Rice on Wednesday, March 21 with “Buy”. The rating was maintained by Bank of America on Monday, April 16 with “Buy”. KeyBanc Capital Markets maintained PDC Energy, Inc. (NASDAQ:PDCE) on Sunday, January 21 with “Buy” rating. The firm has “Buy” rating given on Thursday, March 8 by Bank of America. The rating was upgraded by Mitsubishi UFJ on Thursday, March 1 to “Overweight”. The stock of PDC Energy, Inc. (NASDAQ:PDCE) has “Overweight” rating given on Monday, November 20 by Barclays Capital.

The stock increased 1.70% or $0.92 during the last trading session, reaching $55.13. About 223,581 shares traded. PDC Energy, Inc. (NASDAQ:PDCE) has declined 20.05% since April 17, 2017 and is downtrending. It has underperformed by 31.60% the S&P500.

Analysts await PDC Energy, Inc. (NASDAQ:PDCE) to report earnings on May, 4. They expect $0.41 EPS, up 783.33 % or $0.47 from last year’s $-0.06 per share. PDCE’s profit will be $27.05 million for 33.62 P/E if the $0.41 EPS becomes a reality. After $0.24 actual EPS reported by PDC Energy, Inc. for the previous quarter, Wall Street now forecasts 70.83 % EPS growth.

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 $3.64 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

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