PDC Energy Inc. (PDCE) Climbs 3.65% Gain on November 15 to Lead Basic Materials Sector
PDC Energy Inc. (PDCE) was one of the best performers amongst all companies listed in the basic materials sector on the NYSE and NASDAQ exchanges during trading on November 15, climbing 3.65% to wrap the day at $65.36 after closing the day prior at $63.06. Throughout the trading session, shares of PDCE rose as high as $66.47 and dipped as low as $64.06. Today's advance came with about 764,941 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 $65.16 for PDCE.
The share appreciation today 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.
In the past 52 weeks, shares of PDCE have traded as low as $42.675 and as high as $71.0. Technical traders will take note that at $65.36, shares of 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 in Denver, CO.
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Source: Financial Press News
(November 15, 2016 - 10:35 PM EST)
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