PDC Energy, Inc. (PDCE) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $45.25 to $55.10 in the past one-month time frame.
The company has seen two positive revisions in the past few weeks, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for PDC Energy. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
PDC Energy currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the independent oil and gas industry include Athlon Energy Inc. (ATHL), Matador Resources Co. (MTDR) and Clayton Williams Energy, Inc. (CWEI). All of these carry a Zacks Rank #1 (Strong Buy).
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