PDC Energy Inc. (NASDAQ:PDCE) – Equities researchers at KeyCorp issued their Q1 2018 EPS estimates for shares of PDC Energy in a research report issued on Tuesday. KeyCorp analyst D. Deckelbaum anticipates that the firm will earn ($0.05) per share for the quarter. KeyCorp also issued estimates for PDC Energy’s Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.29 EPS and FY2018 earnings at $0.78 EPS.

PDC Energy (NASDAQ:PDCE) last issued its earnings results on Thursday, November 3rd. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.11. PDC Energy had a negative net margin of 42.23% and a negative return on equity of 2.31%. The firm earned $164 million during the quarter, compared to analysts’ expectations of $178.12 million. During the same quarter last year, the firm earned ($1.89) EPS. The business’s revenue for the quarter was down 29.0% compared to the same quarter last year.

Earnings History and Estimates for PDC Energy (NASDAQ:PDCE)

A number of other research analysts have also commented on the company. Canaccord Genuity set a $80.00 price objective on PDC Energy and gave the company a “buy” rating in a research report on Monday, August 29th. Bank of America Corp. reiterated a “buy” rating and issued a $76.00 price objective on shares of PDC Energy in a research report on Wednesday, August 24th. Zacks Investment Research lowered PDC Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Wells Fargo & Co. reiterated a “hold” rating on shares of PDC Energy in a research report on Sunday, September 11th. Finally, Royal Bank Of Canada increased their price objective on PDC Energy from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, August 10th. Nine investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $72.79.

Shares of PDC Energy (NASDAQ:PDCE) traded down 1.18% on Wednesday, reaching $69.42. The company’s stock had a trading volume of 76,681 shares. PDC Energy has a 52-week low of $42.67 and a 52-week high of $71.00. The company has a 50 day moving average price of $64.29 and a 200 day moving average price of $60.90. The company’s market cap is $3.87 billion.

In related news, VP Daniel Willson Amidon sold 5,441 shares of PDC Energy stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $68.73, for a total value of $373,959.93. Following the sale, the vice president now owns 66,071 shares of the company’s stock, valued at $4,541,059.83. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kimberly Luff Wakim sold 2,000 shares of PDC Energy stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $69.10, for a total value of $138,200.00. Following the completion of the sale, the director now directly owns 9,182 shares in the company, valued at approximately $634,476.20. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in PDC Energy by 26.9% in the first quarter. Geode Capital Management LLC now owns 329,695 shares of the company’s stock worth $19,600,000 after buying an additional 69,964 shares during the last quarter. Renaissance Technologies LLC boosted its position in PDC Energy by 304.1% in the first quarter. Renaissance Technologies LLC now owns 274,939 shares of the company’s stock worth $16,345,000 after buying an additional 206,900 shares during the last quarter. Nuveen Asset Management LLC boosted its position in PDC Energy by 61.3% in the first quarter. Nuveen Asset Management LLC now owns 45,290 shares of the company’s stock worth $2,692,000 after buying an additional 17,209 shares during the last quarter. Panagora Asset Management Inc. boosted its position in PDC Energy by 6,275.7% in the first quarter. Panagora Asset Management Inc. now owns 68,794 shares of the company’s stock worth $4,090,000 after buying an additional 67,715 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in PDC Energy by 453.7% in the first quarter. Squarepoint Ops LLC now owns 22,700 shares of the company’s stock worth $1,350,000 after buying an additional 18,600 shares during the last quarter. Institutional investors and hedge funds own 96.84% of the company’s stock.

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About PDC Energy

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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