BMO Capital Keeps Their Hold Rating on PDC Energy

By Ryan Adsit

BMO Capital analyst Dan McSpirit reiterated a Hold rating on PDC Energy (NASDAQ: PDCE) today and set a price target of $55. The company’s shares opened today at $44.62, close to its 52-week low of $36.74.

According to TipRanks.com, McSpirit is a 3-star analyst with an average return of 1.3% and a 47.4% success rate. McSpirit covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Sanchez Energy Corporation, and Jagged Peak Energy Inc.

Currently, the analyst consensus on PDC Energy is Strong Buy and the average price target is $60.33, representing a 35.2% upside.

In a report issued on November 6, Scotiabank also maintained a Hold rating on the stock with a $53 price target.

The company has a one-year high of $84.88 and a one-year low of $36.74. Currently, PDC Energy has an average volume of 968.6K.

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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.