PDC Energy Inc (NASDAQ:PDCE) insider Barton R. Brookman, Jr. sold 1,500 shares of PDC Energy stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $52.71, for a total transaction of $79,065.00. Following the sale, the insider now owns 203,526 shares of the company’s stock, valued at $10,727,855.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ PDCE traded down $1.46 on Friday, reaching $49.71. 719,713 shares of the company’s stock traded hands, compared to its average volume of 933,044. The company has a market capitalization of $3.38 billion, a PE ratio of -14.28, a P/E/G ratio of 0.56 and a beta of 0.61. PDC Energy Inc has a fifty-two week low of $39.19 and a fifty-two week high of $66.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.36 and a quick ratio of 0.36.

PDC Energy (NASDAQ:PDCE) last posted its earnings results on Wednesday, August 8th. The energy producer reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). The business had revenue of $212.53 million for the quarter, compared to analyst estimates of $308.73 million. PDC Energy had a negative net margin of 43.37% and a positive return on equity of 2.52%. The company’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share. research analysts expect that PDC Energy Inc will post 2.39 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in PDC Energy by 0.7% during the first quarter. BlackRock Inc. now owns 8,704,431 shares of the energy producer’s stock valued at $426,779,000 after purchasing an additional 60,447 shares during the period. Dimensional Fund Advisors LP lifted its position in PDC Energy by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,483,300 shares of the energy producer’s stock valued at $219,816,000 after purchasing an additional 202,845 shares during the period. FMR LLC lifted its position in PDC Energy by 7.9% during the second quarter. FMR LLC now owns 3,385,504 shares of the energy producer’s stock valued at $204,653,000 after purchasing an additional 246,713 shares during the period. Victory Capital Management Inc. increased its holdings in PDC Energy by 4.3% in the second quarter. Victory Capital Management Inc. now owns 3,168,968 shares of the energy producer’s stock valued at $191,563,000 after buying an additional 129,431 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in PDC Energy by 2.3% in the second quarter. Van ECK Associates Corp now owns 1,874,013 shares of the energy producer’s stock valued at $113,284,000 after buying an additional 41,691 shares in the last quarter.

Several research firms have recently commented on PDCE. KeyCorp lifted their price objective on shares of PDC Energy from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, May 24th. Zacks Investment Research downgraded shares of PDC Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Stephens reiterated a “buy” rating and set a $78.00 price objective on shares of PDC Energy in a research note on Thursday, July 26th. Jefferies Financial Group set a $86.00 price objective on shares of PDC Energy and gave the stock a “buy” rating in a research note on Friday, July 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of PDC Energy from $70.00 to $72.00 and gave the stock a “$60.95” rating in a research note on Monday, July 23rd. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $72.16.

About PDC Energy

PDC Energy, Inc, an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company's operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas.

Recommended Story: What is a Stop Order?

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

Receive News & Ratings for PDC Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PDC Energy and related companies with MarketBeat.com's FREE daily email newsletter.