Q3 2017 Earnings Estimate for PDC Energy, Inc. (PDCE) Issued By Capital One Financial Corporation
PDC Energy, Inc. (NASDAQ:PDCE) – Equities researchers at Capital One Financial Corporation lowered their Q3 2017 earnings estimates for PDC Energy in a research note issued to investors on Tuesday. Capital One Financial Corporation analyst B. Velie now anticipates that the energy producer will earn $0.03 per share for the quarter, down from their previous forecast of $0.08. Capital One Financial Corporation also issued estimates for PDC Energy’s FY2017 earnings at $0.22 EPS.
Several other analysts also recently commented on PDCE. Credit Suisse Group downgraded PDC Energy from an “outperform” rating to a “neutral” rating and set a $69.00 price objective for the company. in a research note on Thursday, June 1st. BidaskClub raised PDC Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Seaport Global Securities downgraded PDC Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $89.00 to $46.00 in a research note on Wednesday, June 21st. BMO Capital Markets set a $45.00 price objective on PDC Energy and gave the company a “hold” rating in a research note on Monday, June 26th. Finally, Scotiabank reaffirmed a “hold” rating and set a $60.00 price objective on shares of PDC Energy in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $70.41.
COPYRIGHT VIOLATION NOTICE: “Q3 2017 Earnings Estimate for PDC Energy, Inc. (PDCE) Issued By Capital One Financial Corporation” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/28/q3-2017-earnings-estimate-for-pdc-energy-inc-pdce-issued-by-capital-one-financial-corporation.html.
PDC Energy (NASDAQ:PDCE) opened at 50.09 on Thursday. The company’s 50-day moving average price is $40.85 and its 200 day moving average price is $50.09. PDC Energy has a 12 month low of $36.74 and a 12 month high of $84.88. The stock has a market capitalization of $3.27 billion, a PE ratio of 355.25 and a beta of 0.83.
PDC Energy (NASDAQ:PDCE) last announced its quarterly earnings results on Tuesday, August 8th. The energy producer reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.20. The company had revenue of $275.20 million during the quarter, compared to analysts’ expectations of $218.90 million. PDC Energy had a return on equity of 0.53% and a net margin of 1.03%. PDC Energy’s quarterly revenue was up 1269.2% on a year-over-year basis. During the same period last year, the business earned ($0.11) earnings per share.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PDCE. BlackRock Inc. grew its holdings in shares of PDC Energy by 47,702.8% in the 1st quarter. BlackRock Inc. now owns 6,890,772 shares of the energy producer’s stock worth $429,640,000 after acquiring an additional 6,876,357 shares during the period. UBS Group AG grew its holdings in shares of PDC Energy by 101.1% in the 1st quarter. UBS Group AG now owns 14,621 shares of the energy producer’s stock worth $912,000 after acquiring an additional 1,395,552 shares during the period. Causeway Capital Management LLC grew its holdings in shares of PDC Energy by 54.1% in the 1st quarter. Causeway Capital Management LLC now owns 3,287,928 shares of the energy producer’s stock worth $234,496,000 after acquiring an additional 1,154,136 shares during the period. Vanguard Group Inc. grew its holdings in shares of PDC Energy by 13.5% in the 2nd quarter. Vanguard Group Inc. now owns 5,678,422 shares of the energy producer’s stock worth $244,797,000 after acquiring an additional 677,329 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of PDC Energy by 17.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,385,502 shares of the energy producer’s stock worth $211,083,000 after acquiring an additional 501,484 shares during the period.
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.
Receive News & Stock Ratings for PDC Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PDC Energy Inc. and related stocks with our FREE daily email newsletter.