PDC Energy Inc (NASDAQ:PDCE) – Research analysts at SunTrust Banks increased their Q4 2017 EPS estimates for PDC Energy in a report issued on Tuesday. SunTrust Banks analyst W. Fitzpatrick now anticipates that the energy producer will earn $0.30 per share for the quarter, up from their prior estimate of $0.27. SunTrust Banks currently has a “Buy” rating and a $55.00 target price on the stock. SunTrust Banks also issued estimates for PDC Energy’s Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.72 EPS and FY2018 earnings at $2.13 EPS.

PDC Energy (NASDAQ:PDCE) last posted its earnings results on Monday, November 6th. The energy producer reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. The firm had revenue of $232.73 million during the quarter, compared to analysts’ expectations of $234.38 million. PDC Energy had a negative net margin of 29.31% and a positive return on equity of 0.94%.

A number of other research analysts have also recently commented on the stock. Imperial Capital reissued an “outperform” rating and issued a $87.00 target price (up previously from $73.00) on shares of PDC Energy in a report on Thursday. ValuEngine cut shares of PDC Energy from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 target price on shares of PDC Energy in a report on Sunday, January 28th. BidaskClub cut shares of PDC Energy from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, KeyCorp set a $65.00 target price on shares of PDC Energy and gave the stock a “buy” rating in a report on Sunday, January 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $67.68.

PDC Energy (NASDAQ PDCE) opened at $46.32 on Thursday. The company has a market cap of $3,110.00, a PE ratio of -11.41 and a beta of 0.68. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.43. PDC Energy has a fifty-two week low of $36.74 and a fifty-two week high of $74.00.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in PDC Energy by 13.5% during the 2nd quarter. Vanguard Group Inc. now owns 5,678,422 shares of the energy producer’s stock valued at $244,797,000 after purchasing an additional 677,329 shares during the period. Victory Capital Management Inc. increased its position in PDC Energy by 4.6% during the 4th quarter. Victory Capital Management Inc. now owns 3,158,037 shares of the energy producer’s stock valued at $162,766,000 after purchasing an additional 139,748 shares during the period. State Street Corp increased its position in PDC Energy by 24.8% during the 2nd quarter. State Street Corp now owns 2,457,828 shares of the energy producer’s stock valued at $105,957,000 after purchasing an additional 487,816 shares during the period. Bank of New York Mellon Corp increased its position in PDC Energy by 17.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,748,149 shares of the energy producer’s stock valued at $85,712,000 after purchasing an additional 260,297 shares during the period. Finally, Caymus Capital Partners L.P. increased its position in PDC Energy by 33.3% during the 3rd quarter. Caymus Capital Partners L.P. now owns 1,525,300 shares of the energy producer’s stock valued at $74,785,000 after purchasing an additional 380,900 shares during the period.

In related news, CEO Barton R. Brookman, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $52.08, for a total value of $78,120.00. Following the completion of the transaction, the chief executive officer now owns 168,101 shares in the company, valued at approximately $8,754,700.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jeffrey C. Swoveland sold 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $55.83, for a total transaction of $94,911.00. Following the completion of the transaction, the director now owns 21,519 shares of the company’s stock, valued at approximately $1,201,405.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,200 shares of company stock valued at $386,751. 0.91% of the stock is owned by company insiders.

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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.

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

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