November 23, 2016 - By Hazel Jackson
Kimberly Wakim, the director of Pdc Energy Inc made sell of 2,000 shares with an average market price per share of $69.1 in the public firm, that are having a total value $138,200 USD. Kimberly Wakim today has ownership of 0.02% of the market capitalization of the Company.
Out of 20 analysts covering PDC Energy (NASDAQ:PDCE), 15 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 75% are positive. $85 is the highest target while $55 is the lowest. The $72.45 average target is 3.13% above today’s ($70.25) stock price. PDC Energy has been the topic of 44 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was upgraded by Seaport Global Securities to “Buy” on Tuesday, August 30. The firm has “Overweight” rating by Barclays Capital given on Thursday, August 25. The stock of PDC Energy Inc (NASDAQ:PDCE) has “Accumulate” rating given on Tuesday, August 11 by KLR Group. The stock of PDC Energy Inc (NASDAQ:PDCE) has “Buy” rating given on Friday, April 8 by Stifel Nicolaus. Credit Suisse maintained PDC Energy Inc (NASDAQ:PDCE) on Monday, April 11 with “Outperform” rating. Topeka Capital Markets maintained PDC Energy Inc (NASDAQ:PDCE) on Tuesday, August 11 with “Buy” rating. Seaport Global downgraded the shares of PDCE in a report on Wednesday, March 30 to “Neutral” rating. The rating was maintained by RBC Capital Markets on Friday, November 6 with “Outperform”. Barclays Capital maintained PDC Energy Inc (NASDAQ:PDCE) on Tuesday, November 10 with “Overweight” rating. The rating was upgraded by Bank of America on Tuesday, August 11 to “Neutral”.
Insitutional Activity: The institutional sentiment increased to 1.97 in 2016 Q2. Its up 0.95, from 1.02 in 2016Q1. The ratio increased, as 45 funds sold all PDC Energy Inc shares owned while 73 reduced positions. 31 funds bought stakes while 89 increased positions. They now own 52.01 million shares or 1.84% less from 52.99 million shares in 2016Q1.
Los Angeles Capital Mgmt & Equity owns 8,450 shares or 0% of their US portfolio. 1832 Asset L P holds 0.03% of its portfolio in PDC Energy Inc (NASDAQ:PDCE) for 114,500 shares. State Board Of Administration Of Florida Retirement, a Florida-based fund reported 28,677 shares. The Kansas-based Creative Planning has invested 0% in PDC Energy Inc (NASDAQ:PDCE). Ny State Common Retirement Fund, a New York-based fund reported 307,985 shares. The United Kingdom-based Lombard Odier Asset Mngmt (Europe) Limited has invested 0.04% in PDC Energy Inc (NASDAQ:PDCE). Cornerstone Holdg Lc reported 16,381 shares or 0.01% of all its holdings. The Quebec – Canada-based Pub Sector Pension Inv Board has invested 0.02% in PDC Energy Inc (NASDAQ:PDCE). Profund Advsr Limited Liability accumulated 0.02% or 8,653 shares. Aperio Ltd Llc holds 10,296 shares or 0% of its portfolio. Gsa Cap Partners Llp holds 0.02% of its portfolio in PDC Energy Inc (NASDAQ:PDCE) for 5,247 shares. First Bancorporation Of Omaha accumulated 0.03% or 7,850 shares. Schroder Investment Mngmt Grp Inc has 0.09% invested in the company for 738,300 shares. Paradigm Asset Mgmt Co Ltd Liability Corp accumulated 0% or 2,200 shares. Columbia Wanger Asset Mgmt Lc holds 0.37% of its portfolio in PDC Energy Inc (NASDAQ:PDCE) for 552,933 shares.
Insider Transactions: Since July 1, 2016, the stock had 0 buys, and 3 insider sales for $86,066 net activity. PARKE DAVID C sold 500 shares worth $32,030.
The stock increased 1.21% or $0.84 during the last trading session, hitting $70.25. About 604,035 shares traded hands. PDC Energy Inc (NASDAQ:PDCE) has risen 9.79% since April 21, 2016 and is uptrending. It has outperformed by 4.46% the S&P500.
PDC Energy, Inc. is an independent exploration and production company. The company has a market cap of $3.97 billion. The Firm produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids with activities in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. It currently has negative earnings. The Firm operates through two divisions: Oil and Gas Exploration and Production, and Gas Marketing.
According to Zacks Investment Research, “PDC Energy, Inc. is engaged in acquiring, developing and exploring crude oil, NGLs and natural gas. It has operations primarily in the Western and Eastern regions of the United States. Its Western Operating Region is primarily focused on development in the Wattenberg Field in Colorado. Its Eastern Operating Region is focused on development activity in the liquid-rich portion of the Utica Shale play in Ohio. The Company is also focused on development drilling programs in resource plays. PDC Energy, Inc., formerly known as Petroleum Development Corporation, is based in Denver, Colorado.”
Analysts await PDC Energy Inc (NASDAQ:PDCE) to report earnings on February, 27. They expect $-0.03 earnings per share, down 110.34% or $0.32 from last year’s $0.29 per share. After $-0.12 actual earnings per share reported by PDC Energy Inc for the previous quarter, Wall Street now forecasts -75.00% EPS growth.
More recent PDC Energy Inc (NASDAQ:PDCE) news were published by: Seekingalpha.com which released: “PDC Energy Is A Well Capitalized Growth Oil Company” on November 17, 2016. Also Bloomberg.com published the news titled: “PDC Energy Joins Permian Oil Rush With $1.5 Billion Acquisition” on August 23, 2016. Globenewswire.com‘s news article titled: “PDC Energy Announces Pricing and Upsizing of Public Offerings of Common Stock ..” with publication date: September 09, 2016 was also an interesting one.
PDC Energy, Inc., incorporated on June 5, 2015, is an independent exploration and production company. The Firm produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with activities in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. The Firm operates through two divisions: Oil and Gas Exploration and Production, and Gas Marketing. The Company’s Oil and Gas Exploration and Production segment includes all of its natural gas and crude oil properties. The Company’s Gas Marketing segment purchases, aggregates and resells natural gas produced by it and others. The Company’s activities in the Wattenberg Field are focused in the horizontal Niobrara and Codell plays and its Ohio activities are focused in the Utica Shale play. The Firm owns an interest in approximately 3,000 gross producing wells, of which approximately 650 are horizontal. The Firm has approximately 270 million barrels of oil equivalent (MMBoe) of proved reserves, which comprises approximately 60% liquids and over 40% natural gas.
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