Teton Advisors Inc. Has $348,000 Stake in PDC Energy Inc (PDCE)

Teton Advisors Inc. grew its stake in PDC Energy Inc (NASDAQ:PDCE) by 26.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,100 shares of the energy producer’s stock after buying an additional 1,500 shares during the quarter. Teton Advisors Inc.’s holdings in PDC Energy were worth $348,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Teacher Retirement System of Texas increased its stake in shares of PDC Energy by 7.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 13,386 shares of the energy producer’s stock valued at $809,000 after purchasing an additional 974 shares in the last quarter. MetLife Investment Advisors LLC increased its stake in shares of PDC Energy by 3.6% in the 2nd quarter. MetLife Investment Advisors LLC now owns 30,317 shares of the energy producer’s stock valued at $1,833,000 after purchasing an additional 1,045 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of PDC Energy by 29.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 5,092 shares of the energy producer’s stock valued at $309,000 after purchasing an additional 1,166 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of PDC Energy by 13.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,760 shares of the energy producer’s stock valued at $478,000 after purchasing an additional 1,190 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of PDC Energy by 30.4% in the 2nd quarter. US Bancorp DE now owns 5,218 shares of the energy producer’s stock valued at $315,000 after purchasing an additional 1,215 shares in the last quarter.

In other news, COO Scott J. Reasoner sold 1,341 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $50.43, for a total value of $67,626.63. Following the completion of the sale, the chief operating officer now directly owns 73,379 shares in the company, valued at $3,700,502.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lance Lauck sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $49.09, for a total value of $49,090.00. The disclosure for this sale can be found here. Insiders sold 11,941 shares of company stock valued at $619,665 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded PDC Energy from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Wednesday, August 1st. BidaskClub lowered PDC Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Williams Capital set a $82.00 price target on PDC Energy and gave the company a “buy” rating in a research note on Thursday, August 9th. TD Securities set a $79.00 price target on PDC Energy and gave the company a “buy” rating in a research note on Thursday, August 9th. Finally, Stephens restated a “buy” rating and issued a $78.00 price target on shares of PDC Energy in a research note on Thursday, July 26th. Eight research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $71.25.

NASDAQ:PDCE opened at $50.83 on Wednesday. PDC Energy Inc has a 12 month low of $40.62 and a 12 month high of $66.20. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.50. The company has a market cap of $2.92 billion, a price-to-earnings ratio of -14.61, a PEG ratio of 0.52 and a beta of 0.66.

PDC Energy (NASDAQ:PDCE) last posted its quarterly earnings data on Monday, November 5th. The energy producer reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.11). PDC Energy had a positive return on equity of 2.52% and a negative net margin of 43.37%. The firm had revenue of $280.70 million for the quarter, compared to analysts’ expectations of $337.69 million. During the same quarter last year, the firm posted ($3.85) earnings per share. PDC Energy’s quarterly revenue was up 53.2% on a year-over-year basis. Equities research analysts forecast that PDC Energy Inc will post 2.2 earnings per share for the current year.

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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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Institutional Ownership by Quarter for PDC Energy (NASDAQ:PDCE)

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