Shares of PDC Energy Inc. (NASDAQ:PDCE) traded down 4.1% during mid-day trading on Wednesday . The stock traded as low as $66.35 and last traded at $66.57, with a volume of 740,395 shares trading hands. The stock had previously closed at $69.44.

Several analysts recently issued reports on the stock. Cantor Fitzgerald reaffirmed a “buy” rating on shares of PDC Energy in a report on Sunday, May 8th. Canaccord Genuity reiterated a “buy” rating on shares of PDC Energy in a research note on Sunday, May 8th. Zacks Investment Research upgraded shares of PDC Energy from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Wednesday, July 13th. Williams Capital began coverage on shares of PDC Energy in a research note on Monday. They set a “buy” rating and a $84.00 target price for the company. Finally, BMO Capital Markets lowered shares of PDC Energy from an “outperform” rating to a “market perform” rating and set a $58.00 target price for the company. in a research note on Monday, August 8th. Eight research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $72.41.

The company’s 50 day moving average price is $58.62 and its 200-day moving average price is $57.65. The stock’s market capitalization is $3.09 billion.

PDC Energy (NASDAQ:PDCE) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. The firm earned $20.10 million during the quarter, compared to analyst estimates of $160.18 million. During the same quarter in the previous year, the business earned $0.27 EPS. PDC Energy’s quarterly revenue was down 60.6% compared to the same quarter last year. On average, equities research analysts predict that PDC Energy Inc. will post ($0.35) EPS for the current fiscal year.

In other news, Director David C. Parke sold 500 shares of PDC Energy stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $61.84, for a total transaction of $30,920.00. Following the transaction, the director now owns 17,717 shares in the company, valued at approximately $1,095,619.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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.

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