PDC Energy Inc (NASDAQ:PDCE) Director Jeffrey C. Swoveland sold 1,700 shares of PDC Energy stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $55.83, for a total value of $94,911.00. Following the transaction, the director now owns 21,519 shares in the company, valued at approximately $1,201,405.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

PDC Energy Inc (NASDAQ:PDCE) traded up $0.19 during midday trading on Friday, reaching $53.87. The company’s stock had a trading volume of 1,144,400 shares, compared to its average volume of 840,067. The firm has a market cap of $3,580.00, a P/E ratio of -13.27 and a beta of 0.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.90 and a current ratio of 0.90. PDC Energy Inc has a 52 week low of $36.74 and a 52 week high of $78.61.

PDC Energy (NASDAQ:PDCE) last released its earnings results on Monday, November 6th. The energy producer reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.06. PDC Energy had a positive return on equity of 0.94% and a negative net margin of 29.31%. sell-side analysts anticipate that PDC Energy Inc will post -3.55 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of PDC Energy by 13.5% during the second quarter. Vanguard Group Inc. now owns 5,678,422 shares of the energy producer’s stock worth $244,797,000 after buying an additional 677,329 shares in the last quarter. State Street Corp grew its position in shares of PDC Energy by 24.8% during the second quarter. State Street Corp now owns 2,457,828 shares of the energy producer’s stock worth $105,957,000 after buying an additional 487,816 shares in the last quarter. Precocity Capital LP acquired a new position in shares of PDC Energy during the third quarter worth about $21,083,000. BlackRock Inc. grew its position in shares of PDC Energy by 5.5% during the second quarter. BlackRock Inc. now owns 7,272,730 shares of the energy producer’s stock worth $313,529,000 after buying an additional 381,958 shares in the last quarter. Finally, Caymus Capital Partners L.P. grew its position in shares of PDC Energy by 33.3% during the third quarter. Caymus Capital Partners L.P. now owns 1,525,300 shares of the energy producer’s stock worth $74,785,000 after buying an additional 380,900 shares in the last quarter.

Several research firms have recently commented on PDCE. BidaskClub lowered PDC Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday. Mizuho reiterated a “buy” rating and set a $66.00 price target on shares of PDC Energy in a report on Wednesday. BMO Capital Markets reiterated a “hold” rating and set a $58.00 price target on shares of PDC Energy in a report on Thursday, January 11th. ValuEngine upgraded PDC Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Stifel Nicolaus reduced their price objective on shares of PDC Energy from $83.00 to $81.00 and set a “buy” rating on the stock in a report on Wednesday, December 13th. Eleven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.30.

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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.

Insider Buying and Selling by Quarter for PDC Energy (NASDAQ:PDCE)

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