Williams Capital Thinks PDC Energy’s Stock is Going to Recover


Williams Capital analyst Gabriele Sorbara maintained a Buy rating on PDC Energy (PDCE) today and set a price target of $62. The company’s shares closed yesterday at $33.34, close to its 52-week low of $32.79.

According to TipRanks.com, Sorbara is ranked 0 out of 5 stars with an average return of -8.0% and a 35.4% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.

PDC Energy has an analyst consensus of Moderate Buy, with a price target consensus of $69.40, implying a 108.2% upside from current levels. In a report issued on December 6, Stephens also initiated coverage with a Buy rating on the stock with a $72 price target.

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The company has a one-year high of $66.20 and a one-year low of $32.79. Currently, PDC Energy has an average volume of 1.25M.

Based on the recent corporate insider activity of 62 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.

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