News stories about PDC Energy (NASDAQ:PDCE) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PDC Energy earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the energy producer an impact score of 46.0918473052561 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- PDC Energy (PDCE) PT Raised to $71.00 (americanbankingnews.com)
- PDC Energy, Inc. (PDCE) Can’t Be More Safe. Trades Significantly Higher (ontariocanews.com)
- An E&P Pair Trade Idea From Goldman Sachs (finance.yahoo.com)
- $265.75 Million in Sales Expected for PDC Energy (PDCE) This Quarter (americanbankingnews.com)
- PDC Energy Forecasted to Earn FY2018 Earnings of $2.38 Per Share (PDCE) (americanbankingnews.com)
NASDAQ PDCE opened at $54.21 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $3,507.38, a P/E ratio of -15.58, a price-to-earnings-growth ratio of 0.59 and a beta of 0.66. PDC Energy has a 1 year low of $36.74 and a 1 year high of $64.10.
A number of research analysts have recently issued reports on the company. BidaskClub cut PDC Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 18th. Johnson Rice assumed coverage on PDC Energy in a research note on Wednesday, March 21st. They set a “buy” rating and a $66.00 price objective on the stock. Bank of America raised their price objective on PDC Energy from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Monday. Stifel Nicolaus set a $83.00 price objective on PDC Energy and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, Deutsche Bank assumed coverage on PDC Energy in a research note on Wednesday, April 4th. They set a “buy” rating and a $62.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $67.06.
In other PDC Energy news, EVP Lance Lauck sold 10,000 shares of PDC Energy stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $53.95, for a total transaction of $539,500.00. Following the sale, the executive vice president now directly owns 100,228 shares of the company’s stock, valued at approximately $5,407,300.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Barton R. Brookman, Jr. sold 1,500 shares of PDC Energy stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $51.86, for a total value of $77,790.00. Following the sale, the chief executive officer now directly owns 173,473 shares in the company, valued at $8,996,309.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,614 shares of company stock worth $1,634,517. Insiders own 0.91% of the company’s stock.
About PDC Energy
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's operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas.
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