PDC Energy Inc (NASDAQ:PDCE) Director Jeffrey C. Swoveland sold 1,700 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $55.83, for a total value of $94,911.00. Following the completion of the transaction, the director now owns 21,519 shares in the company, valued at $1,201,405.77. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of PDC Energy Inc (PDCE) opened at $54.97 on Friday. PDC Energy Inc has a 12 month low of $36.74 and a 12 month high of $78.61. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $3,621.04, a P/E ratio of 140.95 and a beta of 0.79.
PDC Energy (NASDAQ:PDCE) last issued its quarterly earnings data on Monday, November 6th. The energy producer reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. PDC Energy had a positive return on equity of 0.94% and a negative net margin of 29.31%. equities research analysts forecast that PDC Energy Inc will post -3.55 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in PDC Energy by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,395 shares of the energy producer’s stock valued at $103,000 after purchasing an additional 209 shares in the last quarter. Seven Eight Capital LP acquired a new stake in PDC Energy during the 2nd quarter valued at approximately $107,000. Flinton Capital Management LLC grew its stake in PDC Energy by 67.0% during the 2nd quarter. Flinton Capital Management LLC now owns 2,912 shares of the energy producer’s stock valued at $126,000 after purchasing an additional 1,168 shares in the last quarter. Connable Office Inc. acquired a new stake in PDC Energy during the 3rd quarter valued at approximately $202,000. Finally, World Asset Management Inc acquired a new stake in PDC Energy during the 3rd quarter valued at approximately $216,000.
PDCE has been the topic of a number of research reports. BidaskClub upgraded PDC Energy from a “sell” rating to a “hold” rating in a report on Friday, December 15th. Stifel Nicolaus set a $69.00 price objective on PDC Energy and gave the stock a “buy” rating in a report on Thursday, October 5th. Barclays increased their target price on PDC Energy from $63.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, November 20th. BMO Capital Markets set a $53.00 target price on PDC Energy and gave the company a “hold” rating in a research note on Tuesday, October 10th. Finally, SunTrust Banks set a $55.00 target price on PDC Energy and gave the company a “buy” rating in a research note on Sunday, October 29th. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $65.84.
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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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