PDC Energy Inc (NASDAQ:PDCE) – Capital One Financial dropped their FY2018 earnings estimates for PDC Energy in a report released on Tuesday. Capital One Financial analyst B. Velie now expects that the energy producer will earn $0.59 per share for the year, down from their previous estimate of $0.64.

Several other research firms have also recently issued reports on PDCE. Stifel Nicolaus set a $69.00 price objective on shares of PDC Energy and gave the stock a “buy” rating in a research report on Thursday, October 5th. BMO Capital Markets set a $55.00 price objective on shares of PDC Energy and gave the stock a “hold” rating in a research report on Tuesday, November 14th. SunTrust Banks set a $55.00 price objective on shares of PDC Energy and gave the stock a “buy” rating in a research report on Sunday, October 29th. KeyCorp restated a “buy” rating and set a $50.00 price objective on shares of PDC Energy in a research report on Tuesday, September 19th. Finally, Barclays raised their price objective on shares of PDC Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company. PDC Energy currently has a consensus rating of “Hold” and a consensus price target of $68.18.

PDC Energy (NASDAQ PDCE) traded down $0.84 during trading on Wednesday, reaching $44.56. 817,900 shares of the company traded hands, compared to its average volume of 1,083,332. PDC Energy has a 52-week low of $36.74 and a 52-week high of $81.87. The firm has a market capitalization of $2,990.63, a PE ratio of 116.41 and a beta of 0.80. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43.

In other news, COO Scott J. Reasoner sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $49.64, for a total value of $49,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.91% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of PDCE. Aperio Group LLC raised its holdings in PDC Energy by 40.4% in the second quarter. Aperio Group LLC now owns 21,933 shares of the energy producer’s stock valued at $946,000 after acquiring an additional 6,307 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in PDC Energy by 3.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 13,200 shares of the energy producer’s stock worth $569,000 after purchasing an additional 480 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in PDC Energy by 4.6% during the second quarter. Great West Life Assurance Co. Can now owns 82,891 shares of the energy producer’s stock worth $3,572,000 after purchasing an additional 3,671 shares in the last quarter. Retirement Systems of Alabama raised its holdings in PDC Energy by 41.5% during the second quarter. Retirement Systems of Alabama now owns 44,300 shares of the energy producer’s stock worth $1,910,000 after purchasing an additional 13,000 shares in the last quarter. Finally, TD Asset Management Inc. raised its holdings in PDC Energy by 23.8% during the second quarter. TD Asset Management Inc. now owns 49,502 shares of the energy producer’s stock worth $2,134,000 after purchasing an additional 9,502 shares in the last quarter.

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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.

Earnings History and Estimates for PDC Energy (NASDAQ:PDCE)

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