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Zacks Investment Research downgraded PDC Energy Inc (NASDAQ:PDCE) to Strong Sell in a report released today.

Zacks Investment Research has downgraded PDC Energy Inc (NASDAQ:PDCE) to Strong Sell in a report released on 7/08/2017.

Yesterday PDC Energy Inc (NASDAQ:PDCE) traded 0.87% higher at $42.24. The company’s 50-day moving average is $43.95 and its 200-day moving average is $56.44. The last stock close price is down -27.86% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 1,356,489 shares of the stock were exchanged, up from an average trading volume of 1,307,610

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PDC Energy Inc (NASDAQ:PDCE)

PDC Energy Inc has a 52 week low of $38.54 and a 52 week high of $84.88 with a P/E ratio of 288.79 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 28 firms have issued a report on the stock. The consensus target price is $71.11 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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