PDC Energy Inc. (PDCE) Boosts Basic Materials Sector with Early Advance of 3.09% on November 15
PDC Energy Inc. (PDCE" target="_new">PDCE) is one of the best performing stocks in the basic materials sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on November 15. Shares of PDCE" target="_new">PDCE have climbed 3.09% about 30 minutes into the session to $65.01 after closing the day prior at $63.06. It’s early, but the stock has traded as high as $65.23 and as low as $64.06 so far. Today's quick advance has come with about 12,906 shares changing hands, compared to an average 30-day volume of 989,126 for PDC Energy Inc.. The price is currently below the 30-day volume weighted average price of $64.34 for PDCE" target="_new">PDCE.
The share appreciation gives the company a market capitalization of $3.55 billion based upon 56.27 million shares outstanding. It also means that PDCE has a price-to-book ratio of 1.79:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of PDCE" target="_new">PDCE have traded as low as $42.675 and as high as $71.0. Technical traders will take note that at $65.01, shares of PDCE" target="_new">PDCE are trading above their 200-day MA at $58.98 and above their 50-day MA at $64.26. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is PDCE?
PDC Energy Inc is a domestic independent exploration and production company that produces, develops, acquires and explores for crude oil, natural gas and NGLs with operations in the Wattenberg Field in Colorado, the Utica Shale in southeastern Ohio. The company’s 362 employees are led by CEO Barton R. Brookman from the corporate headquarters at 1775 Sherman Street.
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Source: Financial Press News
(November 15, 2016 - 10:30 PM EST)
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