Equities analysts predict that PDC Energy Inc (NASDAQ:PDCE) will report earnings per share of $0.21 for the current quarter, according to Zacks. Seven analysts have made estimates for PDC Energy’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.05. PDC Energy posted earnings of $0.18 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 16.7%. The business is expected to issue its next earnings results after the market closes on Monday, February 26th.
According to Zacks, analysts expect that PDC Energy will report full-year earnings of ($3.46) per share for the current financial year, with EPS estimates ranging from ($3.52) to ($3.42). For the next fiscal year, analysts anticipate that the company will post earnings of $1.71 per share, with EPS estimates ranging from $0.91 to $3.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover PDC Energy.
A number of research firms have weighed in on PDCE. BMO Capital Markets restated a “hold” rating and set a $58.00 price objective on shares of PDC Energy in a research note on Thursday, January 11th. Imperial Capital raised their price objective on shares of PDC Energy from $73.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Zacks Investment Research lowered shares of PDC Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Credit Suisse Group began coverage on shares of PDC Energy in a research note on Monday, December 11th. They set a “neutral” rating and a $51.00 price objective for the company. Finally, Stifel Nicolaus restated a “buy” rating and set a $85.00 price objective on shares of PDC Energy in a research note on Sunday, January 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. PDC Energy presently has a consensus rating of “Buy” and a consensus price target of $67.05.
In related news, CEO Barton R. Brookman, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $52.08, for a total value of $78,120.00. Following the transaction, the chief executive officer now owns 168,101 shares of the company’s stock, valued at $8,754,700.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeffrey C. Swoveland sold 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $55.83, for a total transaction of $94,911.00. Following the completion of the transaction, the director now directly owns 21,519 shares in the company, valued at approximately $1,201,405.77. The disclosure for this sale can be found here. Insiders sold 7,200 shares of company stock valued at $386,751 over the last quarter. Company insiders own 0.91% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new position in PDC Energy during the third quarter valued at approximately $666,000. American International Group Inc. lifted its holdings in PDC Energy by 8.6% during the third quarter. American International Group Inc. now owns 52,337 shares of the energy producer’s stock valued at $2,566,000 after purchasing an additional 4,131 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in PDC Energy by 3.9% during the third quarter. New York State Common Retirement Fund now owns 506,655 shares of the energy producer’s stock valued at $24,841,000 after purchasing an additional 18,821 shares in the last quarter. Monarch Partners Asset Management LLC purchased a new position in PDC Energy during the third quarter valued at approximately $8,790,000. Finally, NJ State Employees Deferred Compensation Plan purchased a new position in PDC Energy during the third quarter valued at approximately $883,000.
Shares of PDC Energy (NASDAQ:PDCE) opened at $50.50 on Thursday. The firm has a market cap of $3,330.00, a PE ratio of -12.44 and a beta of 0.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.90 and a current ratio of 0.90. PDC Energy has a 12 month low of $36.74 and a 12 month high of $73.71.
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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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