In a report released today, Gabriele Sorbara from Williams Capital maintained a Buy rating on PDC Energy (PDCE), with a price target of $77. The company’s shares closed yesterday at $46.21.
According to TipRanks.com, Sorbara has 0 stars on 0-5 star ranking scale with an average return of -2.7% and a 40.0% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.
Currently, the analyst consensus on PDC Energy is a Moderate Buy with an average price target of $71.83.
See today’s analyst top recommended stocks >>
Based on PDC Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $160 million. In comparison, last year the company had a GAAP net loss of $293 million.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
PDC Energy, Inc. engages in the exploration and production of oil and natural gas. It acquires, explores, and develops properties for the production of crude oil, natural gas, and natural gas liquids. Its primary operations are located in the Wattenberg Field in Colorado and the Delaware Basin in Texas.
