Don't Miss Today's Strong And Under The Radar Stock: PDC Energy (PDCE)

Trade-Ideas LLC identified PDC Energy (PDCE) as a strong and under the radar candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

PDC Energy

(

PDCE

) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified PDC Energy as such a stock due to the following factors:

  • PDCE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $65.0 million.
  • PDCE has traded 390.970000000000027284841053187847137451171875 options contracts today.
  • PDCE is making at least a new 3-day high.
  • PDCE has a PE ratio of 126.
  • PDCE is mentioned 1.97 times per day on StockTwits.
  • PDCE has not yet been mentioned on StockTwits today.
  • PDCE is currently in the upper 20% of its 1-year range.
  • PDCE is in the upper 35% of its 20-day range.
  • PDCE is in the upper 45% of its 5-day range.
  • PDCE is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on PDCE:

PDC Energy, Inc., an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company operates in two segments: Oil and Gas Exploration and Production, and Gas Marketing. PDCE has a PE ratio of 126. Currently there are 18 analysts that rate PDC Energy a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for PDC Energy has been 1.1 million shares per day over the past 30 days. PDC Energy has a market cap of $2.3 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.53 and a short float of 21.1% with 7.86 days to cover. Shares are up 42.8% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates PDC Energy as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and feeble growth in the company's earnings per share.

Highlights from the ratings report include:

  • Compared to its closing price of one year ago, PDCE's share price has jumped by 39.55%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
  • Net operating cash flow has increased to $64.58 million or 26.38% when compared to the same quarter last year. In addition, PDC ENERGY INC has also vastly surpassed the industry average cash flow growth rate of -27.14%.
  • The gross profit margin for PDC ENERGY INC is rather high; currently it is at 52.29%. Regardless of PDCE's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, PDCE's net profit margin of -91.97% significantly underperformed when compared to the industry average.
  • PDC ENERGY INC's earnings per share declined by 42.7% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, PDC ENERGY INC turned its bottom line around by earning $2.93 versus -$0.76 in the prior year. For the next year, the market is expecting a contraction of 51.5% in earnings ($1.42 versus $2.93).
  • Despite currently having a low debt-to-equity ratio of 0.50, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 0.30 is very low and demonstrates very weak liquidity.

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