Somewhat Favorable Media Coverage Somewhat Unlikely to Impact PDC Energy (PDCE) Share Price

News headlines about PDC Energy (NASDAQ:PDCE) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PDC Energy earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the energy producer an impact score of 47.4038200008024 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Accern’s rankings:

PDC Energy (PDCE) opened at $55.48 on Friday. The stock has a market cap of $3,650.00, a PE ratio of -13.67 and a beta of 0.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.90. PDC Energy has a 12-month low of $36.74 and a 12-month high of $78.61.

PDCE has been the topic of a number of analyst reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $58.00 price objective on shares of PDC Energy in a report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $81.00 price objective (down previously from $82.00) on shares of PDC Energy in a report on Tuesday, November 7th. ValuEngine raised shares of PDC Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. BidaskClub raised shares of PDC Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 30th. Finally, Williams Capital increased their price objective on shares of PDC Energy from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Eleven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $66.75.

In related news, COO Scott J. Reasoner sold 1,000 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $49.64, for a total value of $49,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lance Lauck sold 1,500 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $53.40, for a total transaction of $80,100.00. Following the completion of the transaction, the executive vice president now owns 91,917 shares of the company’s stock, valued at approximately $4,908,367.80. The disclosure for this sale can be found here. Insiders sold a total of 4,000 shares of company stock valued at $207,860 in the last quarter. 0.91% of the stock is currently owned by insiders.

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About PDC Energy

PDC Energy, Inc is an independent exploration and production company. The Company produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with operations in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. The Company operates through two segments: Oil and Gas Exploration and Production, and Gas Marketing.

Insider Buying and Selling by Quarter for PDC Energy (NASDAQ:PDCE)

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