Siebert Williams (NYSE:WMB) Shank & Co analyst Gabriele Sorbara maintained a Buy rating on PDC Energy (NASDAQ:PDCE) on Thursday, setting a price target of $26, which is approximately 32.52% above the present share price of $19.62.
Sorbara expects PDC Energy to post earnings per share (EPS) of -$0.31 for the fourth quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in PDC Energy, with an average price target of $24.
The analysts price targets range from a high of $28 to a low of $21.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $314.92 million and a net profit of $59.41 million. The company's market cap is $1.96 billion.
According to TipRanks.com, Siebert Williams Shank & Co analyst Gabriele Sorbara is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -18.5% and a 28.26% success rate.
PDC Energy, Inc. engages in the exploration and production of oil and natural gas. It acquires, explores, and develops properties for the production of crude oil, natural gas, and natural gas liquids. Its primary operations are located in the Wattenberg Field in Colorado and the Delaware Basin in Texas. The company was founded in 1969 and is headquartered in Denver, CO.