Time New York: Wed 19 Dec 08:53 am  |  Save 15% on H&R Block Online


Why PDC Energy (PDCE) Could Be Positioned for a Surge


PDC Energy, Inc. PDCE is a domestic independent exploration and production company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on PDCE’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that PDC Energy could be a solid choice for investors.

Current Quarter Estimates for PDCE

In the past 30 days, four estimates have gone higher for PDC Energy while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing 12 cents a share 30 days ago, to 15 cents today, a move of 25%.

Current Year Estimates for PDCE

Meanwhile, PDC Energy’s current year figures are also looking quite promising, with four estimates moving higher in the past month, compared to two lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $2.60 a share 30 days ago, to $3.55 today, a move of 36.5%.

PDC Energy, Inc. Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 17.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3(Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.