S&CO Inc. maintained its position in shares of PDC Energy, Inc. (NASDAQ:PDCE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,468 shares of the energy producer’s stock at the end of the second quarter. S&CO Inc.’s holdings in PDC Energy were worth $236,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Rothschild Asset Management Inc. raised its position in shares of PDC Energy by 6.0% in the second quarter. Rothschild Asset Management Inc. now owns 385,185 shares of the energy producer’s stock valued at $16,605,000 after buying an additional 21,692 shares in the last quarter. Honkamp Krueger Financial Services Inc. raised its position in shares of PDC Energy by 0.3% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 13,424 shares of the energy producer’s stock valued at $579,000 after buying an additional 40 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of PDC Energy by 4.6% in the second quarter. Great West Life Assurance Co. Can now owns 82,891 shares of the energy producer’s stock valued at $3,572,000 after buying an additional 3,671 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of PDC Energy by 3.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 13,200 shares of the energy producer’s stock valued at $569,000 after buying an additional 480 shares in the last quarter. Finally, Tributary Capital Management LLC raised its position in shares of PDC Energy by 48.5% in the second quarter. Tributary Capital Management LLC now owns 228,750 shares of the energy producer’s stock valued at $9,861,000 after buying an additional 74,679 shares in the last quarter.

PDC Energy (NASDAQ:PDCE) last released its quarterly earnings results on Friday, May 5th. The energy producer reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.03. PDC Energy had a negative net margin of 22.67% and a negative return on equity of 0.20%. The business had revenue of $273.70 million during the quarter, compared to analysts’ expectations of $182.05 million. During the same quarter last year, the business posted ($0.89) earnings per share. The company’s quarterly revenue was up 201.4% compared to the same quarter last year.

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Several equities analysts have commented on the company. BidaskClub lowered PDC Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Bank of America Corporation assumed coverage on PDC Energy in a research report on Wednesday, July 19th. They set a “buy” rating and a $60.00 price objective for the company. BMO Capital Markets raised their price objective on PDC Energy from $45.00 to $48.00 and gave the company a “market perform” rating in a research report on Friday, July 14th. Zacks Investment Research lowered PDC Energy from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 8th. Finally, Scotiabank reissued a “hold” rating and set a $60.00 price objective on shares of PDC Energy in a research report on Friday, June 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. PDC Energy currently has an average rating of “Hold” and an average price target of $74.00.

PDC Energy Company Profile

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.

Institutional Ownership by Quarter for PDC Energy (NASDAQ:PDCE)

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