PDC Energy Inc (PDCE) COO Sells $52,000.00 in Stock
PDC Energy Inc (NASDAQ:PDCE) COO Scott J. Reasoner sold 1,300 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $40.00, for a total transaction of $52,000.00. Following the sale, the chief operating officer now owns 91,827 shares of the company’s stock, valued at approximately $3,673,080. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
NASDAQ:PDCE opened at $40.38 on Monday. PDC Energy Inc has a 12-month low of $26.59 and a 12-month high of $66.20. The stock has a market cap of $2.67 billion, a P/E ratio of -13.64, a price-to-earnings-growth ratio of 0.42 and a beta of 0.74. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.62 and a quick ratio of 0.62.
PDC Energy (NASDAQ:PDCE) last posted its quarterly earnings data on Wednesday, February 27th. The energy producer reported ($2.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($2.78). The company had revenue of $386.40 million during the quarter, compared to the consensus estimate of $360.91 million. PDC Energy had a net margin of 0.13% and a negative return on equity of 3.09%. PDC Energy’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.17 earnings per share. As a group, research analysts anticipate that PDC Energy Inc will post 2.39 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PDCE. State of Alaska Department of Revenue boosted its stake in PDC Energy by 1.5% during the 4th quarter. State of Alaska Department of Revenue now owns 22,090 shares of the energy producer’s stock worth $657,000 after acquiring an additional 325 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its holdings in shares of PDC Energy by 3.3% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 15,729 shares of the energy producer’s stock valued at $468,000 after purchasing an additional 504 shares in the last quarter. Legal & General Group Plc lifted its holdings in PDC Energy by 0.3% in the fourth quarter. Legal & General Group Plc now owns 166,815 shares of the energy producer’s stock valued at $4,928,000 after acquiring an additional 521 shares during the period. Teton Advisors Inc. increased its position in PDC Energy by 8.5% in the fourth quarter. Teton Advisors Inc. now owns 7,700 shares of the energy producer’s stock worth $229,000 after buying an additional 600 shares in the last quarter. Finally, Dubuque Bank & Trust Co. purchased a new stake in PDC Energy in the fourth quarter worth about $26,000.
About PDC Energy
PDC Energy, Inc, an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company's operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas.
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