In a report released today, Gabriele Sorbara from Williams Capital reiterated a Buy rating on PDC Energy (PDCE), with a price target of $47. The company’s shares closed yesterday at $27.21, close to its 52-week low of $24.28.
According to TipRanks.com, Sorbara has currently no stars on a ranking scale of 0-5 stars, with an average return of -15.7% and a 27.7% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Gulfport Energy Corp, and Extraction Oil & Gas.
PDC Energy has an analyst consensus of Moderate Buy, with a price target consensus of $46.
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The company has a one-year high of $57.53 and a one-year low of $24.28. Currently, PDC Energy has an average volume of 1.3M.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock.
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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.
