PDC Energy Inc (NASDAQ:PDCE) insider Barton R. Brookman, Jr. sold 1,500 shares of PDC Energy stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $48.92, for a total transaction of $73,380.00. Following the transaction, the insider now directly owns 211,026 shares in the company, valued at approximately $10,323,391.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of PDCE stock opened at $45.53 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $3,097.73, a PE ratio of 104.36, a price-to-earnings-growth ratio of 0.53 and a beta of 0.66. PDC Energy Inc has a 12 month low of $36.74 and a 12 month high of $65.99.
PDC Energy (NASDAQ:PDCE) last announced its quarterly earnings data on Monday, February 26th. The energy producer reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. The business had revenue of $189.52 million for the quarter, compared to analyst estimates of $263.28 million. PDC Energy had a negative net margin of 13.13% and a positive return on equity of 1.17%. analysts anticipate that PDC Energy Inc will post 2.32 earnings per share for the current fiscal year.
A number of brokerages have weighed in on PDCE. BMO Capital Markets reaffirmed a “hold” rating and issued a $58.00 price target on shares of PDC Energy in a research note on Thursday, January 11th. Imperial Capital lifted their price target 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. Mitsubishi UFJ Financial Group raised shares of PDC Energy from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 1st. BidaskClub lowered shares of PDC Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Mizuho reaffirmed a “buy” rating and issued a $66.00 price target on shares of PDC Energy in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $66.17.
Several hedge funds have recently made changes to their positions in PDCE. Schf GPE LLC bought a new stake in shares of PDC Energy in the fourth quarter worth $55,125,000. Mangrove Partners bought a new stake in shares of PDC Energy in the fourth quarter worth $46,347,000. NWQ Investment Management Company LLC lifted its position in shares of PDC Energy by 77.8% in the fourth quarter. NWQ Investment Management Company LLC now owns 1,662,049 shares of the energy producer’s stock worth $85,662,000 after purchasing an additional 727,517 shares in the last quarter. Earnest Partners LLC lifted its position in shares of PDC Energy by 45.0% in the fourth quarter. Earnest Partners LLC now owns 1,343,663 shares of the energy producer’s stock worth $69,252,000 after purchasing an additional 416,711 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of PDC Energy by 4.5% in the fourth quarter. BlackRock Inc. now owns 8,643,984 shares of the energy producer’s stock worth $445,509,000 after purchasing an additional 374,797 shares in the last quarter.
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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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