Tortoise Capital Advisors L.L.C. increased its position in PDC Energy, Inc. (NASDAQ:PDCE) by 16.8% during the second quarter, Holdings Channel reports. The institutional investor owned 99,463 shares of the energy producer’s stock after buying an additional 14,331 shares during the period. Tortoise Capital Advisors L.L.C.’s holdings in PDC Energy were worth $4,288,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Flinton Capital Management LLC increased its stake in shares of PDC Energy by 19.8% in the first quarter. Flinton Capital Management LLC now owns 1,744 shares of the energy producer’s stock worth $109,000 after buying an additional 288 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in shares of PDC Energy by 27.7% in the second quarter. Integrated Investment Consultants LLC now owns 2,525 shares of the energy producer’s stock worth $109,000 after buying an additional 547 shares during the last quarter. Invictus RG increased its stake in shares of PDC Energy by 11.2% in the first quarter. Invictus RG now owns 2,151 shares of the energy producer’s stock worth $134,000 after buying an additional 216 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of PDC Energy by 42.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,186 shares of the energy producer’s stock worth $136,000 after buying an additional 649 shares during the last quarter. Finally, Dubuque Bank & Trust Co. increased its stake in shares of PDC Energy by 38.0% in the second quarter. Dubuque Bank & Trust Co. now owns 3,262 shares of the energy producer’s stock worth $141,000 after buying an additional 899 shares during the last quarter.

PDC Energy, Inc. (NASDAQ PDCE) opened at 45.07 on Tuesday. The stock’s 50 day moving average price is $44.58 and its 200-day moving average price is $57.92. PDC Energy, Inc. has a 12 month low of $40.12 and a 12 month high of $84.88. The stock’s market cap is $2.94 billion.

PDC Energy (NASDAQ:PDCE) last posted its earnings results on Friday, May 5th. The energy producer reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.03. The business had revenue of $273.70 million during the quarter, compared to the consensus estimate of $182.05 million. PDC Energy had a negative return on equity of 0.20% and a negative net margin of 22.67%. The firm’s revenue for the quarter was up 201.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.89) EPS. Analysts anticipate that PDC Energy, Inc. will post $0.03 EPS for the current fiscal year.

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A number of equities research analysts have weighed in on PDCE shares. BidaskClub upgraded PDC Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Williams Capital lowered their target price on PDC Energy from $94.00 to $88.00 and set a “buy” rating for the company in a report on Friday, April 21st. Credit Suisse Group downgraded PDC Energy from an “outperform” rating to a “neutral” rating and set a $69.00 target price for the company. in a report on Thursday, June 1st. Royal Bank Of Canada lowered their target price on PDC Energy from $82.00 to $78.00 and set an “outperform” rating for the company in a report on Wednesday, May 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $82.00 target price on shares of PDC Energy in a report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $74.00.

About PDC Energy

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

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