Louisiana State Employees Retirement System lifted its position in PDC Energy Inc (NASDAQ:PDCE) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,300 shares of the energy producer’s stock after acquiring an additional 1,600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in PDC Energy were worth $1,459,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of PDC Energy by 9.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,395 shares of the energy producer’s stock worth $103,000 after acquiring an additional 209 shares in the last quarter. Flinton Capital Management LLC grew its stake in shares of PDC Energy by 67.0% in the 2nd quarter. Flinton Capital Management LLC now owns 2,912 shares of the energy producer’s stock worth $126,000 after acquiring an additional 1,168 shares in the last quarter. Connable Office Inc. bought a new stake in shares of PDC Energy in the 3rd quarter worth $202,000. World Asset Management Inc bought a new stake in shares of PDC Energy in the 3rd quarter worth $216,000. Finally, CIBC Asset Management Inc bought a new stake in shares of PDC Energy in the 3rd quarter worth $216,000.

PDC Energy Inc (PDCE) opened at $54.97 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. The firm has a market cap of $3,548.57, a PE ratio of -13.54 and a beta of 0.79. PDC Energy Inc has a 1 year low of $36.74 and a 1 year high of $78.61.

PDC Energy (NASDAQ:PDCE) last issued its earnings results on Monday, November 6th. The energy producer reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. PDC Energy had a negative net margin of 29.31% and a positive return on equity of 0.94%. sell-side analysts expect that PDC Energy Inc will post -3.55 EPS for the current fiscal year.

Several research firms have recently issued reports on PDCE. BidaskClub lowered shares of PDC Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Mizuho restated a “buy” rating and set a $66.00 price target on shares of PDC Energy in a research report on Wednesday. BMO Capital Markets restated a “hold” rating and set a $58.00 price target on shares of PDC Energy in a research report on Thursday, January 11th. ValuEngine upgraded shares of PDC Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Stifel Nicolaus reduced their price target on shares of PDC Energy from $83.00 to $81.00 and set a “buy” rating for the company in a research report on Wednesday, December 13th. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $65.84.

In other PDC Energy news, CEO Barton R. Brookman, Jr. sold 1,500 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $52.08, for a total transaction of $78,120.00. Following the completion of the transaction, the chief executive officer now owns 168,101 shares in the company, valued at $8,754,700.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey C. Swoveland sold 1,700 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $55.83, for a total transaction of $94,911.00. Following the transaction, the director now owns 21,519 shares of the company’s stock, valued at approximately $1,201,405.77. The disclosure for this sale can be found here. Insiders have sold 5,700 shares of company stock valued at $308,961 in the last quarter. Company insiders own 0.91% of the company’s stock.

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PDC Energy 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.

Institutional Ownership by Quarter for PDC Energy (NASDAQ:PDCE)

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