Analysts expect PDC Energy Inc (NASDAQ:PDCE) to post earnings of $0.37 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for PDC Energy’s earnings, with estimates ranging from $0.27 to $0.43. PDC Energy posted earnings of ($2.22) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 116.7%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, February 26th.

According to Zacks, analysts expect that PDC Energy will report full year earnings of $0.59 per share for the current financial year, with EPS estimates ranging from $0.51 to $0.67. For the next financial year, analysts anticipate that the company will post earnings of $2.60 per share, with EPS estimates ranging from $1.92 to $3.82. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for PDC Energy.

A number of research analysts have recently weighed in on the stock. KeyCorp cut their price target on shares of PDC Energy from $41.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Zacks Investment Research downgraded shares of PDC Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 12th. Citigroup assumed coverage on shares of PDC Energy in a report on Friday. They set a “buy” rating and a $35.00 price target on the stock. Tudor Pickering upgraded shares of PDC Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Cfra upgraded shares of PDC Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $47.33.

Shares of PDC Energy stock traded up $0.28 during midday trading on Friday, reaching $22.31. 1,157,016 shares of the company’s stock traded hands, compared to its average volume of 1,824,000. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 0.34 and a beta of 1.28. The company’s 50 day simple moving average is $23.83 and its 200 day simple moving average is $25.65. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.84 and a current ratio of 0.84. PDC Energy has a 52 week low of $19.57 and a 52 week high of $47.29.

In related news, Director Anthony J. Crisafio sold 3,850 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $24.83, for a total value of $95,595.50. Following the transaction, the director now directly owns 18,280 shares in the company, valued at approximately $453,892.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of PDCE. Barclays PLC grew its position in PDC Energy by 1,058.2% in the 3rd quarter. Barclays PLC now owns 1,647,999 shares of the energy producer’s stock worth $45,732,000 after purchasing an additional 1,505,711 shares during the last quarter. Millennium Management LLC acquired a new stake in PDC Energy in the 3rd quarter worth $25,886,000. State Street Corp grew its position in PDC Energy by 30.6% in the 4th quarter. State Street Corp now owns 3,839,025 shares of the energy producer’s stock worth $100,467,000 after purchasing an additional 899,129 shares during the last quarter. Point72 Asset Management L.P. grew its position in PDC Energy by 3,510.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 434,040 shares of the energy producer’s stock worth $12,045,000 after purchasing an additional 422,018 shares during the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new stake in PDC Energy in the 4th quarter worth $3,948,000.

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.

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Earnings History and Estimates for PDC Energy (NASDAQ:PDCE)

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