BMO Capital Issues a Hold Rating on PDC EnergyBy Ryan Adsit
According to TipRanks.com, Jungwirth is a 5-star analyst with an average return of 12.4% and a 60.8% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Rice Midstream Partners, and Whiting Petroleum Corp.
Currently, the analyst consensus on PDC Energy is Moderate Buy and the average price target is $85.25, representing a 33.9% upside.
In a report issued on February 28, Scotiabank also maintained a Hold rating on the stock with a $84 price target.
Based on PDC Energy’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $171 million and GAAP net loss of $55.64 million. In comparison, last year the company earned revenue of $106 million and had a net profit of $3.02 million.
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PDC Energy, Inc. is a natural gas and crude oil company. It operates through the Oil and Gas Exploration, and Production; and Gas Marketing segments. The Oil and Gas Exploration and Production segment engages in the production and sale of natural gas, natural gas liquids and crude oil. The Gas Marketing segment consists of Riley Natural Gas co.’s activities. The company was founded in 1969 and is headquartered in Denver, CO.