PDC Energy Inc (NASDAQ:PDCE) EVP Lance Lauck sold 500 shares of the company’s stock in a transaction on Tuesday, October 9th. The stock was sold at an average price of $52.50, for a total transaction of $26,250.00. Following the transaction, the executive vice president now owns 94,728 shares of the company’s stock, valued at approximately $4,973,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Lance Lauck also recently made the following trade(s):
- On Monday, October 1st, Lance Lauck sold 1,000 shares of PDC Energy stock. The stock was sold at an average price of $49.09, for a total transaction of $49,090.00.
PDCE stock opened at $50.61 on Friday. PDC Energy Inc has a 52 week low of $41.13 and a 52 week high of $66.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of -14.54, a price-to-earnings-growth ratio of 0.53 and a beta of 0.61.
PDC Energy (NASDAQ:PDCE) last released its quarterly earnings data on Wednesday, August 8th. The energy producer reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). PDC Energy had a negative net margin of 43.37% and a positive return on equity of 2.52%. The business had revenue of $212.53 million for the quarter, compared to the consensus estimate of $308.73 million. During the same quarter last year, the business earned $0.63 EPS. PDC Energy’s revenue for the quarter was down 22.8% compared to the same quarter last year. Research analysts anticipate that PDC Energy Inc will post 2.39 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in PDCE. California Public Employees Retirement System lifted its position in PDC Energy by 42.3% during the first quarter. California Public Employees Retirement System now owns 143,406 shares of the energy producer’s stock valued at $7,031,000 after purchasing an additional 42,606 shares during the last quarter. Russell Investments Group Ltd. bought a new position in PDC Energy during the first quarter valued at $192,000. Principal Financial Group Inc. lifted its position in PDC Energy by 2.9% during the first quarter. Principal Financial Group Inc. now owns 514,593 shares of the energy producer’s stock valued at $25,230,000 after purchasing an additional 14,664 shares during the last quarter. Profund Advisors LLC raised its stake in shares of PDC Energy by 7.4% in the first quarter. Profund Advisors LLC now owns 13,846 shares of the energy producer’s stock valued at $679,000 after acquiring an additional 953 shares during the period. Finally, LPL Financial LLC raised its stake in shares of PDC Energy by 40.9% in the first quarter. LPL Financial LLC now owns 7,997 shares of the energy producer’s stock valued at $392,000 after acquiring an additional 2,320 shares during the period.
A number of brokerages recently weighed in on PDCE. BidaskClub upgraded shares of PDC Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded shares of PDC Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd. Oppenheimer began coverage on shares of PDC Energy in a research report on Wednesday, October 3rd. They set a “market perform” rating for the company. Williams Capital set a $77.00 target price on shares of PDC Energy and gave the stock a “buy” rating in a research report on Monday, August 20th. Finally, KLR Group restated a “buy” rating and set a $84.00 target price on shares of PDC Energy in a research report on Monday, August 20th. Eight research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. PDC Energy currently has a consensus rating of “Buy” and an average price target of $72.16.
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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