Todays Report: Today, 2,000 Shares of PDC Energy Inc. (PDCE) Stock are sold by Kimberly Luff Wakim

Today, 2,000 Shares of PDC Energy Inc. (PDCE) Stock are sold by Kimberly Luff Wakim

PDC Energy Inc. (NASDAQ:PDCE) Director Kimberly Luff Wakim sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $69.10, for a total transaction of $138,200.00. Following the completion of the sale, the director now owns 9,182 shares of the company’s stock, valued at $634,476.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

PDC Energy Inc. (NASDAQ:PDCE) opened at 70.25 on Friday. PDC Energy Inc. has a 1-year low of $42.67 and a 1-year high of $71.00. The firm has a 50-day moving average of $64.29 and a 200-day moving average of $60.90. The stock’s market cap is $3.92 billion.

PDC Energy (NASDAQ:PDCE) last posted its earnings results on Thursday, November 3rd. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.11. The company had revenue of $164 million for the quarter, compared to the consensus estimate of $178.12 million. PDC Energy had a negative net margin of 42.23% and a negative return on equity of 2.31%. PDC Energy’s revenue was down 29.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.89) EPS. Analysts expect that PDC Energy Inc. will post ($0.43) EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. acquired a new position in shares of PDC Energy during the second quarter valued at $112,887,000. Causeway Capital Management LLC acquired a new position in shares of PDC Energy during the second quarter valued at $110,908,000. Van ECK Associates Corp boosted its position in shares of PDC Energy by 199.4% in the second quarter. Van ECK Associates Corp now owns 2,031,800 shares of the company’s stock valued at $117,052,000 after buying an additional 1,353,100 shares during the period. BlackRock Fund Advisors boosted its position in shares of PDC Energy by 31.2% in the third quarter. BlackRock Fund Advisors now owns 3,954,304 shares of the company’s stock valued at $265,176,000 after buying an additional 940,134 shares during the period. Finally, OZ Management LP acquired a new position in shares of PDC Energy during the third quarter valued at $26,824,000. Hedge funds and other institutional investors own 96.84% of the company’s stock.

PDCE has been the subject of a number of research reports. KeyCorp raised their price target on shares of PDC Energy to $76.00 in a report on Wednesday, August 24th. Wunderlich lifted their price objective on shares of PDC Energy from $76.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, August 25th. Credit Suisse Group AG reiterated a “buy” rating and set a $83.00 price objective on shares of PDC Energy in a report on Thursday, August 25th. Bank of America Corp. reiterated a “buy” rating and set a $76.00 price objective on shares of PDC Energy in a report on Wednesday, August 24th. Finally, Williams Capital began coverage on shares of PDC Energy in a report on Monday, August 29th. They set a “buy” rating and a $84.00 price objective for the company. Nine analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. PDC Energy has an average rating of “Buy” and an average target price of $72.79.

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