Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

Can PDC Energy (PDCE) Stock Continue to Grow Earnings?

Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.

One such company that might be well-positioned for future earnings growth is PDC Energy, Inc. PDCE. This firm, which is in the Oil and Gas - Exploration and Production - United States, saw EPS growth of 36.4% last year, and is looking great for this year too.

In fact, the current growth estimate for this year calls for earnings-per-share growth of 179.8%. Furthermore, the long-term growth rate is currently an impressive 31.7%, suggesting pretty good prospects for the long haul.

PDC Energy, Inc. Price and Consensus

 

PDC Energy, Inc. Price and Consensus | PDC Energy, Inc. Quote

And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 30.6%. Thanks to this rise in earnings estimates, PDCE has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider PDCE. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for PDCE as well.

Zacks' Hidden Trades

While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?

Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.

Click here for Zacks' secret trade>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
PDC Energy, Inc. (PDCE): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research