PDC Energy, Inc. (PDCE) COO Sells $49,640.00 in Stock

PDC Energy, Inc. (NASDAQ:PDCE) COO Scott J. Reasoner sold 1,000 shares of PDC Energy stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $49.64, for a total value of $49,640.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of PDC Energy, Inc. (NASDAQ:PDCE) opened at 47.26 on Friday. The firm has a 50-day moving average price of $45.92 and a 200 day moving average price of $47.90. The company has a market cap of $3.09 billion, a P/E ratio of 335.18 and a beta of 0.84. PDC Energy, Inc. has a 12 month low of $36.74 and a 12 month high of $84.88.

PDC Energy (NASDAQ:PDCE) last posted its quarterly earnings data on Tuesday, August 8th. The energy producer reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.20. The business had revenue of $275.20 million during the quarter, compared to analyst estimates of $218.90 million. PDC Energy had a return on equity of 0.53% and a net margin of 1.03%. The company’s revenue for the quarter was up 1269.2% on a year-over-year basis. During the same period last year, the company earned ($0.11) EPS. Equities analysts predict that PDC Energy, Inc. will post $0.21 earnings per share for the current year.

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A number of analysts have recently issued reports on PDCE shares. Bank of America Corporation began coverage on PDC Energy in a research report on Wednesday, July 19th. They set a “buy” rating and a $60.00 price target for the company. Stifel Nicolaus restated a “buy” rating and issued a $76.00 target price on shares of PDC Energy in a research report on Wednesday, August 16th. Seaport Global Securities upgraded PDC Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $46.00 to $51.00 in a research report on Friday, August 11th. Mizuho upgraded PDC Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $53.00 to $55.00 in a research report on Wednesday, August 9th. Finally, Williams Capital set a $67.00 target price on PDC Energy and gave the stock a “buy” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $69.41.

Large investors have recently bought and sold shares of the company. Rhumbline Advisers lifted its stake in shares of PDC Energy by 8.7% in the 2nd quarter. Rhumbline Advisers now owns 129,684 shares of the energy producer’s stock valued at $5,591,000 after purchasing an additional 10,360 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of PDC Energy by 5.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 31,760 shares of the energy producer’s stock valued at $1,980,000 after purchasing an additional 1,750 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of PDC Energy by 0.5% in the 1st quarter. Prudential Financial Inc. now owns 96,434 shares of the energy producer’s stock valued at $6,013,000 after purchasing an additional 518 shares during the last quarter. Moody Aldrich Partners LLC lifted its stake in shares of PDC Energy by 37.9% in the 2nd quarter. Moody Aldrich Partners LLC now owns 7,605 shares of the energy producer’s stock valued at $328,000 after purchasing an additional 2,090 shares during the last quarter. Finally, Stevens Capital Management LP bought a new stake in shares of PDC Energy in the 2nd quarter valued at approximately $978,000.

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.

Insider Buying and Selling by Quarter for PDC Energy (NASDAQ:PDCE)

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