PDC Energy Inc. (NASDAQ:PDCE) traded at a new 52-week high today of $41.86. So far today approximately 274,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.
PDC Energy Inc. share prices have moved between a 52-week high of $41.86 and a 52-week low of $4.51 and are now trading 792% above that low price at $40.21 per share.
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.
PDC Energy Inc. (NASDAQ:PDCE) is currently priced 8.5% above its average consensus analyst price target of $36.80.
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