PDC Energy Inc. (NASDAQ:PDCE) – Research analysts at KeyCorp issued their Q1 2018 EPS estimates for PDC Energy in a research note issued on Tuesday. KeyCorp analyst D. Deckelbaum anticipates that the firm will post earnings of ($0.05) per share for the quarter. KeyCorp also issued estimates for PDC Energy’s Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.29 EPS and FY2018 earnings at $0.78 EPS.
PDC Energy (NASDAQ:PDCE) last announced its earnings results on Thursday, November 3rd. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.11. The company had revenue of $164 million for the quarter, compared to analyst estimates of $178.12 million. PDC Energy had a negative return on equity of 2.31% and a negative net margin of 42.23%. The firm’s revenue for the quarter was down 29.0% on a year-over-year basis. During the same period last year, the firm earned ($1.89) earnings per share.
A number of other equities research analysts have also recently weighed in on the company. Nomura reaffirmed a “hold” rating and set a $66.00 price target on shares of PDC Energy in a report on Monday, November 7th. BMO Capital Markets reaffirmed a “hold” rating and set a $65.00 price target on shares of PDC Energy in a report on Monday, November 7th. Mizuho assumed coverage on PDC Energy in a report on Wednesday, October 5th. They set a “neutral” rating and a $69.00 price target for the company. Canaccord Genuity dropped their price target on PDC Energy from $80.00 to $77.00 and set a “buy” rating for the company in a report on Monday, September 12th. Finally, KLR Group reaffirmed a “buy” rating and set a $80.00 price target (down from $87.00) on shares of PDC Energy in a report on Monday, September 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $72.79.
Shares of PDC Energy (NASDAQ:PDCE) traded down 1.18% during midday trading on Wednesday, hitting $69.42. The stock had a trading volume of 76,681 shares. PDC Energy has a 52 week low of $42.67 and a 52 week high of $71.00. The stock’s market capitalization is $3.87 billion. The stock has a 50 day moving average price of $64.29 and a 200-day moving average price of $60.90.
In related news, VP Daniel Willson Amidon sold 5,441 shares of PDC Energy stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $68.73, for a total transaction of $373,959.93. Following the completion of the transaction, the vice president now owns 66,071 shares in the company, valued at $4,541,059.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kimberly Luff Wakim sold 2,000 shares of PDC Energy stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $69.10, for a total value of $138,200.00. Following the transaction, the director now owns 9,182 shares of the company’s stock, valued at approximately $634,476.20. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can acquired a new position in PDC Energy during the second quarter worth approximately $1,308,000. New York State Teachers Retirement System boosted its position in PDC Energy by 8.2% in the second quarter. New York State Teachers Retirement System now owns 100,655 shares of the company’s stock worth $5,799,000 after buying an additional 7,600 shares during the last quarter. First National Bank of Omaha boosted its position in PDC Energy by 0.3% in the second quarter. First National Bank of Omaha now owns 7,850 shares of the company’s stock worth $452,000 after buying an additional 25 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in PDC Energy by 57.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 7,665 shares of the company’s stock worth $442,000 after buying an additional 2,785 shares during the last quarter. Finally, Gradient Investments LLC boosted its position in PDC Energy by 82.5% in the second quarter. Gradient Investments LLC now owns 6,941 shares of the company’s stock worth $400,000 after buying an additional 3,137 shares during the last quarter. Institutional investors and hedge funds own 96.84% of the company’s stock.
PDC Energy Company Profile