PDC Energy Inc (NASDAQ:PDCE) – Research analysts at Imperial Capital issued their FY2020 earnings per share (EPS) estimates for shares of PDC Energy in a note issued to investors on Tuesday, February 12th. Imperial Capital analyst I. Haas anticipates that the energy producer will earn $2.11 per share for the year. Imperial Capital has a “Outperform” rating and a $61.00 price objective on the stock.
Several other research analysts have also commented on the stock. Williams Capital restated a “buy” rating and issued a $55.00 price objective on shares of PDC Energy in a report on Monday. Ifs Securities restated a “market perform” rating on shares of PDC Energy in a report on Sunday, February 3rd. Zacks Investment Research upgraded shares of PDC Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 6th. ValuEngine lowered shares of PDC Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, February 2nd. Finally, Capital One Financial upgraded shares of PDC Energy from an “equal weight” rating to an “overweight” rating in a report on Wednesday, January 30th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. PDC Energy presently has a consensus rating of “Buy” and an average price target of $62.45.
Shares of NASDAQ PDCE opened at $35.36 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.38 and a quick ratio of 0.38. PDC Energy has a 12 month low of $26.59 and a 12 month high of $66.20. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -10.16, a P/E/G ratio of 0.35 and a beta of 0.82.
In other news, Director Anthony J. Crisafio sold 1,500 shares of the company’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $34.21, for a total value of $51,315.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in PDCE. Oregon Public Employees Retirement Fund purchased a new stake in shares of PDC Energy in the 4th quarter worth about $25,000. Frontier Capital Management Co. LLC grew its position in shares of PDC Energy by 72.8% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,416,006 shares of the energy producer’s stock worth $69,328,000 after buying an additional 596,642 shares during the period. Ferox Capital Management LP purchased a new stake in shares of PDC Energy in the 3rd quarter worth about $485,000. FMR LLC grew its position in shares of PDC Energy by 12.4% in the 3rd quarter. FMR LLC now owns 3,805,490 shares of the energy producer’s stock worth $186,317,000 after buying an additional 419,986 shares during the period. Finally, Perella Weinberg Partners Capital Management LP purchased a new stake in shares of PDC Energy in the 3rd quarter worth about $19,931,000.
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.
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