PDC Energy Inc. (NASDAQ:PDCE) traded at a new 52-week high today of $30.50. Approximately 274,000 shares have changed hands today, as compared to an average 30-day volume of 913,000 shares.
PDC Energy Inc. (NASDAQ:PDCE) is currently priced 89.7% above its average consensus analyst price target of $3.13.
PDC Energy Inc is an exploration and production company that produces, develops, acquires, and explores for crude oil, natural gas, and NGLs. The company has a significant operational presence in United States onshore basins. PDC’s operational control in its core areas is enhanced by its leasehold positions being held-by-production. It remains flexible in terms of rig activity and capital deployment due to short-term rig contracts, and held-by-production acreage. Through a technology focus, PDC implements multiwell drilling, extended laterals, increased frac stage density, enhanced frac design, and drilling efficiencies. The company’s wells are built to perform at various densities and lengths. Revenue is derived from its segments: oil and gas exploration and production, and gas marketing.
In the past 52 weeks, PDC Energy Inc. share prices are bracketed by a low of $4.51 and a high of $30.50 and is now at $30.50, 576% above that low price.
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