World Asset Management Inc purchased a new stake in PDC Energy, Inc. (NASDAQ:PDCE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,403 shares of the energy producer’s stock, valued at approximately $216,000. World Asset Management Inc owned approximately 6,685.39% of PDC Energy as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of PDC Energy by 9.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,395 shares of the energy producer’s stock valued at $103,000 after acquiring an additional 209 shares in the last quarter. Seven Eight Capital LP purchased a new stake in shares of PDC Energy in the 2nd quarter valued at approximately $107,000. Integrated Investment Consultants LLC increased its stake in PDC Energy by 27.7% in the 2nd quarter. Integrated Investment Consultants LLC now owns 2,525 shares of the energy producer’s stock valued at $109,000 after buying an additional 547 shares during the period. Flinton Capital Management LLC increased its stake in PDC Energy by 67.0% in the 2nd quarter. Flinton Capital Management LLC now owns 2,912 shares of the energy producer’s stock valued at $126,000 after buying an additional 1,168 shares during the period. Finally, Dubuque Bank & Trust Co. increased its stake in PDC Energy by 38.0% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 3,262 shares of the energy producer’s stock valued at $141,000 after buying an additional 899 shares during the period.

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In related news, COO Scott J. Reasoner sold 1,000 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $49.64, for a total transaction of $49,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.91% of the company’s stock.

PDC Energy, Inc. (NASDAQ:PDCE) opened at $50.00 on Friday. The company has a market cap of $3,302.86, a PE ratio of 128.56 and a beta of 0.82. PDC Energy, Inc. has a 1-year low of $36.74 and a 1-year high of $84.88. The company has a current ratio of 0.90, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43.

PDC Energy (NASDAQ:PDCE) last released its quarterly earnings data on Tuesday, August 8th. The energy producer reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.20. The company had revenue of $275.20 million during the quarter, compared to the consensus estimate of $218.90 million. PDC Energy had a negative net margin of 29.31% and a positive return on equity of 0.94%. The firm’s revenue for the quarter was up 1269.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.11) EPS. research analysts anticipate that PDC Energy, Inc. will post 0.19 earnings per share for the current fiscal year.

Several research firms have weighed in on PDCE. Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of PDC Energy in a research note on Monday, August 21st. KeyCorp reiterated a “buy” rating and issued a $55.00 price objective on shares of PDC Energy in a research note on Tuesday, September 26th. Stifel Nicolaus upped their price objective on shares of PDC Energy from $69.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Imperial Capital began coverage on shares of PDC Energy in a research note on Friday, August 18th. They issued an “outperform” rating and a $66.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of PDC Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $68.86.

PDC Energy 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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