PDC Energy, Inc. (NASDAQ:PDCE): Are Traders Shorting This Stock? What’s Next For the Firm

According to the latest data, investors are looking at PDC Energy, Inc. (NASDAQ:PDCE)’s short data and trying to figure out market sentiment on which way the market thinks the stock is moving. The firm has 9.65% of total shares float short, yielding a short ratio of 5.05.

From time to time, even solid companies may experience some sort of setback. Just because a company encounters one negative event, it might not be appropriate to sell the stock. Often times, the stock may still be valuable on a fundamental level, and there may be plenty of room for resurgence. When bad news hits, the stock price may be greatly impacted. Sometimes there can be an overexaggeration which leads to erroneous selling. This can in turn provide buying opportunities to those in the know. Investors who do the homework and closely examine the underlying numbers may put themselves in a good position when situation like this arise. Investors that are looking for longer term value may find that a panic sell-off is the perfect chance to get into a stock that has just suffered a temporary setback. Paying attention to these occurrences can greatly help the investor spot potential buying opportunities in the equity market.

Investors may be trying to decide if it is the right time to enter the equity market. Stocks have been performing well of late, and investors may be eager to catch the next potential move higher. When looking to put money into the stock market, investors might be working hard to create a strategy and choose specific stocks to add to the portfolio. Building a strategy can be tough, but sticking to a strategy can be even tougher. Sticking to the game plan when markets are in flux can greatly improve the investor’s chances of succeeding in the market. 

Shorting a stock can be very risky if the price doesn’t decline like planned and, in fact, increases.  It’s important for any investor to understand the dangers and potentially catastrophic financial losses of short selling.

RECENT PERFORMANCE AND RECOMMENDATION

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, PDC Energy, Inc. (NASDAQ:PDCE)’s stock was -33.66%.  Over the last week of the month, it was -3.50%, -31.22% over the last quarter, and  -43.99% for the past six months. 

Over the past 50 days, PDC Energy, Inc. stock’s -36.09% off of the high and 3.83% removed from the low.  Their 52-Week High and Low are noted here.  -48.35% away from the high and 3.83% from the low. 

When dealing with the volatility and unpredictability of the stock market, investors may have to learn how to deal with their emotions. There are many factors that can have a big impact on the portfolio. Maintaining discipline can be one of the most important factors. From time to time, investors will be overcome by fear during a large market selloff. On the other side, investors may become extremely excited during a widespread market move to the upside. When these situations occur, investors tend to make better decisions if they are able to keep emotions out of play and stick to the original plan. Buying and selling at the wrong time can lead to portfolio underperformance, and it may damage investor confidence in the future.

The consensus analysts recommendation at this point stands at 2.10 on PDC Energy, Inc. (NASDAQ:PDCE).  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. The same analysts are predicting that the company shares will trade to $68.35 within the next 12-18 months. 

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