PDC Energy, Inc. (PDCE - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now down 23.6% in the past one-month time frame.
The company has seen four positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, 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 this recent jump can turn into more strength down the road.
PDC Energy currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked stock in the Oil and Gas - Exploration and Production - United States industry is SilverBow Resources Inc. (SBOW - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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