Wells Fargo (NYSE:WFC) analyst Nitin Kumar CFA maintained a Buy rating on PDC Energy (NASDAQ:PDCE) on Monday, setting a price target of $57, which is approximately 32.93% above the present share price of $42.88.
Kumar CFA expects PDC Energy to post earnings per share (EPS) of -$0.88 for the third quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in PDC Energy, with an average price target of $61.71.
The analysts price targets range from a high of $70 to a low of $55.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $533.14 million and a net profit of $241.05 million. The company's market cap is $4.23 billion.
According to TipRanks.com, Wells Fargo analyst Nitin Kumar CFA is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 1.0% and a 52.00% 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.