PDC Energy Inc. (NASDAQ:PDCE) insider Jeffrey C. Swoveland sold 1,200 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $69.10, for a total transaction of $82,920.00. Following the transaction, the insider now owns 22,606 shares of the company’s stock, valued at approximately $1,562,074.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

PDC Energy Inc. (NASDAQ:PDCE) opened at 66.13 on Tuesday. The stock’s market cap is $3.69 billion. The firm’s 50-day moving average price is $64.34 and its 200 day moving average price is $61.02. PDC Energy Inc. has a 12 month low of $42.67 and a 12 month high of $71.00.

PDC Energy (NASDAQ:PDCE) last released its quarterly earnings results on Thursday, November 3rd. The company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $164 million for the quarter, compared to analysts’ expectations of $178.12 million. During the same quarter in the previous year, the company posted ($1.89) EPS. The business’s quarterly revenue was down 29.0% on a year-over-year basis. On average, analysts anticipate that PDC Energy Inc. will post ($0.43) earnings per share for the current year.

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

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A number of hedge funds have recently added to or reduced their stakes in the stock. Moody Aldrich Partners LLC raised its stake in PDC Energy by 149.9% in the second quarter. Moody Aldrich Partners LLC now owns 20,870 shares of the company’s stock valued at $1,202,000 after buying an additional 12,520 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in PDC Energy by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 20,500 shares of the company’s stock valued at $1,181,000 after buying an additional 400 shares during the last quarter. New York State Teachers Retirement System raised its stake in PDC Energy by 8.2% in the second quarter. New York State Teachers Retirement System now owns 100,655 shares of the company’s stock valued at $5,799,000 after buying an additional 7,600 shares during the last quarter. First National Bank of Omaha raised its stake in PDC Energy by 0.3% in the second quarter. First National Bank of Omaha now owns 7,850 shares of the company’s stock valued at $452,000 after buying an additional 25 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. raised its stake in PDC Energy by 57.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 7,665 shares of the company’s stock valued at $442,000 after buying an additional 2,785 shares during the last quarter.

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

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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