PDC Energy Inc (NASDAQ:PDCE) Director David C. Parke sold 200 shares of the company’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $64.66, for a total transaction of $12,932.00. Following the transaction, the director now owns 17,767 shares of the company’s stock, valued at $1,148,814.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
PDC Energy Inc (NASDAQ:PDCE) traded up 0.19% during trading on Monday, hitting $64.77. The company’s stock had a trading volume of 859,020 shares. PDC Energy Inc has a 12 month low of $50.12 and a 12 month high of $84.88. The firm has a 50 day moving average of $69.84 and a 200 day moving average of $69.34. The firm’s market cap is $4.22 billion.
PDC Energy (NASDAQ:PDCE) last announced its quarterly earnings results on Tuesday, February 28th. The company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.14. The business had revenue of $108.09 million for the quarter, compared to analysts’ expectations of $206.40 million. PDC Energy had a negative return on equity of 2.31% and a negative net margin of 42.23%. The business’s quarterly revenue was down 35.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. Equities research analysts predict that PDC Energy Inc will post $0.53 earnings per share for the current year.
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A number of equities analysts have recently issued reports on PDCE shares. Scotiabank set a $84.00 price objective on shares of PDC Energy and gave the company a “hold” rating in a research note on Tuesday, February 28th. Goldman Sachs Group Inc cut shares of PDC Energy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $82.00 to $88.00 in a research report on Friday, December 16th. Zacks Investment Research cut shares of PDC Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 7th. Canaccord Genuity set a $85.00 target price on shares of PDC Energy and gave the stock a “buy” rating in a research report on Tuesday, February 28th. Finally, Barclays PLC increased their target price on shares of PDC Energy from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Thursday, January 26th. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $77.00.
A number of institutional investors have recently made changes to their positions in PDCE. Howe & Rusling Inc. boosted its position in shares of PDC Energy by 10.4% in the second quarter. Howe & Rusling Inc. now owns 1,749 shares of the company’s stock worth $101,000 after buying an additional 165 shares during the period. Flinton Capital Management LLC acquired a new stake in shares of PDC Energy during the fourth quarter worth $106,000. LS Investment Advisors LLC raised its stake in shares of PDC Energy by 2.2% in the third quarter. LS Investment Advisors LLC now owns 1,698 shares of the company’s stock worth $114,000 after buying an additional 37 shares in the last quarter. First Mercantile Trust Co. raised its stake in shares of PDC Energy by 61.7% in the third quarter. First Mercantile Trust Co. now owns 1,730 shares of the company’s stock worth $116,000 after buying an additional 660 shares in the last quarter. Finally, Israel Discount Bank of New York GFN acquired a new stake in shares of PDC Energy during the fourth quarter worth $120,000.
About PDC Energy
PDC Energy, Inc is an independent exploration and production company. The Company produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with operations in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. The Company operates through two segments: Oil and Gas Exploration and Production, and Gas Marketing.
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