PDC Energy (NASDAQ:PDCE) is set to issue its quarterly earnings data after the market closes on Monday, November 5th. Analysts expect the company to announce earnings of $0.66 per share for the quarter.
PDC Energy (NASDAQ:PDCE) last issued its earnings results on Wednesday, August 8th. The energy producer reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). The firm had revenue of $212.53 million during the quarter, compared to analyst estimates of $308.73 million. PDC Energy had a negative net margin of 43.37% and a positive return on equity of 2.52%. The business’s revenue for the quarter was down 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 earnings per share. On average, analysts expect PDC Energy to post $2 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of NASDAQ PDCE opened at $44.16 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market capitalization of $2.77 billion, a P/E ratio of -12.69, a PEG ratio of 0.50 and a beta of 0.61. PDC Energy has a one year low of $40.62 and a one year high of $66.20.
PDCE has been the subject of a number of recent research reports. Jefferies Financial Group set a $86.00 target price on PDC Energy and gave the company a “buy” rating in a research note on Friday, July 13th. JPMorgan Chase & Co. upped their target price on PDC Energy from $70.00 to $72.00 and gave the company a “$60.95” rating in a research note on Monday, July 23rd. Stephens restated a “buy” rating and issued a $78.00 target price on shares of PDC Energy in a research note on Thursday, July 26th. Zacks Investment Research upgraded PDC Energy from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Wednesday, August 1st. Finally, Macquarie lowered PDC Energy from an “outperform” rating to a “neutral” rating and set a $65.00 target price for the company. in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the stock. PDC Energy has an average rating of “Buy” and a consensus price target of $72.16.
In other news, Director David C. Parke sold 600 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $53.03, for a total transaction of $31,818.00. Following the sale, the director now owns 13,341 shares in the company, valued at $707,473.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Barton R. Brookman, Jr. sold 1,500 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $52.71, for a total value of $79,065.00. Following the sale, the insider now owns 203,526 shares in the company, valued at approximately $10,727,855.46. The disclosure for this sale can be found here. Insiders have sold 10,441 shares of company stock valued at $552,165 over the last quarter. Corporate insiders own 1.00% of the company’s stock.
PDC Energy Company Profile
PDC Energy, Inc, an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company's operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas.
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