BidaskClub lowered shares of PDC Energy (NASDAQ:PDCE) from a hold rating to a sell rating in a research note released on Saturday morning, BidAskClub reports.

PDCE has been the topic of several other research reports. Zacks Investment Research cut shares of PDC Energy from a hold rating to a strong sell rating in a research report on Tuesday, November 12th. Wells Fargo & Co reduced their price objective on shares of PDC Energy from $51.00 to $45.00 and set an overweight rating on the stock in a research report on Thursday, January 9th. Barclays reiterated a buy rating and set a $35.00 price objective on shares of PDC Energy in a research report on Tuesday, November 26th. KeyCorp reduced their price objective on shares of PDC Energy from $42.00 to $41.00 and set an overweight rating on the stock in a research report on Tuesday, October 15th. Finally, Tudor Pickering upgraded shares of PDC Energy from a hold rating to a buy rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company. PDC Energy has an average rating of Buy and a consensus price target of $47.44.

PDC Energy stock opened at $22.90 on Friday. The stock has a market cap of $1.49 billion, a P/E ratio of 10.50, a PEG ratio of 0.35 and a beta of 1.16. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.84 and a quick ratio of 0.84. PDC Energy has a 1 year low of $19.57 and a 1 year high of $47.29. The firm’s 50 day moving average price is $25.02 and its 200-day moving average price is $26.69.

PDC Energy (NASDAQ:PDCE) last released its quarterly earnings data on Wednesday, November 6th. The energy producer reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.69). The company had revenue of $365.94 million for the quarter, compared to the consensus estimate of $325.37 million. PDC Energy had a net margin of 8.49% and a negative return on equity of 5.40%. The company’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS. As a group, equities analysts expect that PDC Energy will post 0.62 EPS for the current year.

In other news, Director Anthony J. Crisafio sold 3,850 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $24.83, for a total transaction of $95,595.50. Following the completion of the sale, the director now directly owns 18,280 shares of the company’s stock, valued at $453,892.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in PDCE. CSat Investment Advisory L.P. purchased a new stake in PDC Energy in the second quarter worth about $120,000. Jacobs Levy Equity Management Inc. purchased a new stake in PDC Energy in the second quarter worth about $230,000. Tower Research Capital LLC TRC lifted its stake in PDC Energy by 111,462.5% in the second quarter. Tower Research Capital LLC TRC now owns 8,925 shares of the energy producer’s stock worth $322,000 after acquiring an additional 8,917 shares during the period. Alberta Investment Management Corp purchased a new stake in PDC Energy in the third quarter worth about $394,000. Finally, Point72 Asset Management L.P. purchased a new stake in PDC Energy in the second quarter worth about $434,000.

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. Its operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas. The company was formerly known as Petroleum Development Corporation and changed its name to PDC Energy, Inc in June 2012.

Recommended Story: Why do earnings reports matter?

Analyst Recommendations for PDC Energy (NASDAQ:PDCE)

Receive News & Ratings for PDC Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PDC Energy and related companies with MarketBeat.com's FREE daily email newsletter.