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PDC Energy Inc (NASDAQ:PDCE) has been downgraded to Neutral in a statement by Seaport Global Securities earlier today.

Having a price of $46.00, PDC Energy Inc (NASDAQ:PDCE) traded 0.48% higher on the day. With the last close down -13.57% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. PDC Energy Inc has recorded a 50-day average of $41.03 and a two hundred day average of $50.67. Volume of trade was up over the average, with 2,847,190 shares of PDCE changing hands over the typical 1,212,710

Seaport Global Securities has downgraded PDC Energy Inc (NASDAQ:PDCE) to Neutral in a statement released on 6/21/2017.

Performance Chart

PDC Energy Inc (NASDAQ:PDCE)

With a total market value of $0, PDC Energy Inc has price-earnings ratio of 310.64 with a one year low of $36.74 and a one year high of $84.88 .

A total of 28 analysts have released a research note on PDC Energy Inc. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $71.11.

More About PDC Energy Inc (NASDAQ:PDCE)

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. The Company's Oil and Gas Exploration and Production segment includes all of its crude oil and natural gas properties. The Company's Gas Marketing segment purchases, aggregates and resells natural gas. The Company's operations in the Wattenberg Field are focused on the horizontal Niobrara and Codell plays. Its Delaware Basin operations are focused in the Wolfcamp zones and its Ohio operations are focused in the Utica Shale play. As of December 31, 2016, the Company owned an interest in approximately 2,900 productive gross wells.

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