PDC Energy Inc. (NASDAQ:PDCE) VP Daniel Willson Amidon sold 5,441 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $68.73, for a total value of $373,959.93. Following the transaction, the vice president now directly owns 66,071 shares of the company’s stock, valued at approximately $4,541,059.83. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of PDC Energy Inc. (NASDAQ:PDCE) opened at 70.25 on Friday. The company’s market capitalization is $3.92 billion. The firm’s 50-day moving average price is $64.29 and its 200-day moving average price is $60.90. PDC Energy Inc. has a 12-month low of $42.67 and a 12-month high of $71.00.

PDC Energy (NASDAQ:PDCE) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.11. The company had revenue of $164 million for the quarter, compared to analysts’ expectations of $178.12 million. PDC Energy had a negative net margin of 42.23% and a negative return on equity of 2.31%. PDC Energy’s quarterly revenue was down 29.0% compared to the same quarter last year. During the same period last year, the firm earned ($1.89) earnings per share. On average, analysts expect that PDC Energy Inc. will post ($0.43) EPS for the current fiscal year.

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

A number of research analysts have commented on the company. Credit Suisse Group AG reaffirmed a “buy” rating on shares of PDC Energy in a research report on Wednesday, August 10th. BMO Capital Markets lowered PDC Energy from an “outperform” rating to a “market perform” rating and set a $58.00 price target for the company. in a research report on Monday, August 8th. Barclays PLC upped their price target on PDC Energy from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, August 25th. Wunderlich upped their price target on PDC Energy from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, August 25th. Finally, KeyCorp reaffirmed a “buy” rating and set a $72.00 price target on shares of PDC Energy in a research report on Tuesday, August 23rd. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $72.79.

Several large investors have recently made changes to their positions in the stock. First National Bank of Omaha raised its stake in shares of PDC Energy by 0.3% in the second quarter. First National Bank of Omaha now owns 7,850 shares of the company’s stock worth $452,000 after buying an additional 25 shares during the period. LS Investment Advisors LLC raised its stake in shares of PDC Energy by 2.2% in the third quarter. LS Investment Advisors LLC now owns 1,698 shares of the company’s stock worth $114,000 after buying an additional 37 shares during the period. Capstone Asset Management Co. raised its stake in shares of PDC Energy by 0.7% in the third quarter. Capstone Asset Management Co. now owns 13,566 shares of the company’s stock worth $910,000 after buying an additional 100 shares during the period. People s United Financial Inc. raised its stake in shares of PDC Energy by 2.4% in the third quarter. People s United Financial Inc. now owns 5,615 shares of the company’s stock worth $377,000 after buying an additional 131 shares during the period. Finally, Howe & Rusling Inc. raised its stake in shares of PDC Energy by 10.4% in the second quarter. Howe & Rusling Inc. now owns 1,749 shares of the company’s stock worth $101,000 after buying an additional 165 shares during the period. 96.84% of the stock is currently owned by hedge funds and other institutional investors.

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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.

5 Day Chart for NASDAQ:PDCE

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