November 29, 2016 - By Marie Mckinney
The director of Pdc Energy Inc and corporation’s insider Jeffrey Swoveland unloaded 1,200 shares of the public firm based on $69.1 for each share. The mentioned shares had a value of $82,920 US Dollars. Jeffrey Swoveland currently owns 0.04% of the total 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 9.56% above today’s ($66.13) stock price. PDC Energy has been the topic of 44 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Tuesday, August 11, the company rating was maintained by BMO Capital Markets. As per Tuesday, August 30, the company rating was upgraded by Seaport Global Securities. On Wednesday, August 10 the stock rating was maintained by Barclays Capital with “Overweight”. The firm earned “Buy” rating on Tuesday, August 11 by Cantor Fitzgerald. The firm earned “Hold” rating on Tuesday, June 14 by Deutsche Bank. Wunderlich maintained PDC Energy Inc (NASDAQ:PDCE) on Monday, September 12 with “Buy” rating. Credit Suisse maintained the stock with “Outperform” rating in Friday, August 21 report. The firm earned “Buy” rating on Monday, August 10 by MLV. The stock has “Market Perform” rating given by Wells Fargo on Monday, May 23. The stock of PDC Energy Inc (NASDAQ:PDCE) earned “Buy” rating by Clarkson Platou on Monday, April 11.
Insitutional Activity: The institutional sentiment increased to 1.97 in 2016 Q2. Its up 0.95, from 1.02 in 2016Q1. The ratio is positive, 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.
First State Bank Of Omaha has 0.03% invested in the company for 7,850 shares. Credit Suisse Ag holds 265,666 shares or 0.02% of its portfolio. Thompson Davis & Com reported 255 shares or 0.02% of all its holdings. Cambrian Ltd Partnership holds 1.33% or 38,809 shares in its portfolio. Louisiana State Employees Retirement Systems has 20,500 shares for 0.06% of their US portfolio. Gemmer Asset Management Limited Liability Corporation owns 145 shares or 0% of their US portfolio. Voya Invest Mngmt Ltd accumulated 0% or 23,934 shares. The Pennsylvania-based Nationwide Fund has invested 0.01% in PDC Energy Inc (NASDAQ:PDCE). The New York-based Morgan Stanley has invested 0.01% in PDC Energy Inc (NASDAQ:PDCE). Panagora Asset Mngmt holds 25,484 shares or 0.01% of its portfolio. The Florida-based State Board Of Administration Of Florida Retirement Sys has invested 0.01% in PDC Energy Inc (NASDAQ:PDCE). Natl Bank Of New York Mellon Corporation owns 1.07M shares or 0.02% of their US portfolio. Parametric Port Associate Limited Com last reported 71,336 shares in the company. Schwab Charles Mngmt has 175,656 shares for 0.01% of their US portfolio. State Teachers Retirement Systems holds 0.02% or 100,655 shares in its portfolio.
Insider Transactions: Since July 1, 2016, the stock had 0 buys, and 5 selling transactions for $598,226 net activity. PARKE DAVID C also sold $30,920 worth of PDC Energy Inc (NASDAQ:PDCE) on Monday, August 15. On Tuesday, November 22 WAKIM KIMBERLY LUFF sold $138,200 worth of the stock or 2,000 shares. $373,960 worth of PDC Energy Inc (NASDAQ:PDCE) was sold by Amidon Daniel Willson.
The stock decreased 3.73% or $2.56 during the last trading session, hitting $66.13. About 724,351 shares traded hands. PDC Energy Inc (NASDAQ:PDCE) has risen 7.66% since April 25, 2016 and is uptrending. It has outperformed by 1.65% the S&P500.
PDC Energy, Inc. is an independent exploration and production company. The company has a market cap of $3.64 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 EPS, down 110.34% or $0.32 from last year’s $0.29 per share. After $-0.12 actual EPS 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: Bloomberg.com which released: “PDC Energy Joins Permian Oil Rush With $1.5 Billion Acquisition” on August 23, 2016. Also Streetinsider.com published the news titled: “Form 4 PDC ENERGY, INC. For: Nov 23 Filed by: SWOVELAND JEFFREY C” on November 29, 2016. Seekingalpha.com‘s news article titled: “PDC Energy Is A Well Capitalized Growth Oil Company” with publication date: November 17, 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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