Several other research firms also recently weighed in on PDCE. Stifel Nicolaus reiterated a buy rating and issued a $81.00 target price (down previously from $82.00) on shares of PDC Energy in a research note on Tuesday, November 7th. SunTrust Banks set a $55.00 target price on shares of PDC Energy and gave the stock a buy rating in a research note on Sunday, October 29th. Mizuho reiterated a buy rating and issued a $55.00 target price on shares of PDC Energy in a research note on Friday, October 27th. Williams Capital lifted their target price on shares of PDC Energy from $58.00 to $60.00 and gave the stock a buy rating in a research note on Wednesday, October 18th. Finally, Jefferies Group assumed coverage on shares of PDC Energy in a research note on Monday, October 9th. They issued a buy rating and a $60.00 target price for the company. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. PDC Energy currently has an average rating of Buy and an average price target of $66.37.
PDC Energy (NASDAQ PDCE) traded up $1.10 during midday trading on Friday, reaching $54.97. 716,600 shares of the company were exchanged, compared to its average volume of 830,569. PDC Energy has a 1-year low of $36.74 and a 1-year high of $78.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $3,620.00, a P/E ratio of -13.54 and a beta of 0.79.
PDC Energy (NASDAQ:PDCE) last posted its quarterly earnings data on Monday, November 6th. The energy producer reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. PDC Energy had a negative net margin of 29.31% and a positive return on equity of 0.94%. research analysts predict that PDC Energy will post -3.55 earnings per share for the current fiscal year.
In other PDC Energy news, Director Jeffrey C. Swoveland sold 1,700 shares of PDC Energy stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $55.83, for a total transaction of $94,911.00. Following the completion of the sale, the director now directly owns 21,519 shares in the company, valued at $1,201,405.77. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Lance Lauck sold 1,500 shares of PDC Energy stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $53.40, for a total transaction of $80,100.00. Following the sale, the executive vice president now owns 91,917 shares of the company’s stock, valued at $4,908,367.80. The disclosure for this sale can be found here. Insiders sold 5,700 shares of company stock valued at $308,961 over the last 90 days. 0.91% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. lifted its position in PDC Energy by 8.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 380,638 shares of the energy producer’s stock valued at $19,619,000 after purchasing an additional 30,136 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in PDC Energy by 6.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 28,300 shares of the energy producer’s stock valued at $1,459,000 after purchasing an additional 1,600 shares during the last quarter. Gofen & Glossberg LLC IL bought a new stake in PDC Energy during the fourth quarter valued at approximately $340,000. National Investment Services Inc. WI lifted its position in PDC Energy by 70.7% during the fourth quarter. National Investment Services Inc. WI now owns 7,186 shares of the energy producer’s stock valued at $370,000 after purchasing an additional 2,977 shares during the last quarter. Finally, Piedmont Investment Advisors LLC lifted its position in PDC Energy by 18.7% during the third quarter. Piedmont Investment Advisors LLC now owns 14,351 shares of the energy producer’s stock valued at $704,000 after purchasing an additional 2,265 shares during the last quarter.
PDC Energy Company Profile
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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