Today, 1,200 Shares of PDC Energy Inc. (PDCE) Stock are sold by Jeffrey C. Swoveland

Today, 1,200 Shares of PDC Energy Inc. (PDCE) Stock are sold by Jeffrey C. Swoveland

PDC Energy Inc. (NASDAQ:PDCE) insider Jeffrey C. Swoveland sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $69.10, for a total transaction of $82,920.00. Following the transaction, the insider now owns 22,606 shares in the company, valued at $1,562,074.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

PDC Energy Inc. (NASDAQ:PDCE) traded down 3.73% during midday trading on Monday, hitting $66.13. 724,351 shares of the stock traded hands. The company’s market capitalization is $3.69 billion. The stock’s 50-day moving average price is $64.34 and its 200 day moving average price is $61.02. PDC Energy Inc. has a 52 week low of $42.67 and a 52 week high of $71.00.

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 the consensus estimate of ($0.01) by $0.11. PDC Energy had a negative net margin of 42.23% and a negative return on equity of 2.31%. The company had revenue of $164 million for the quarter, compared to the consensus estimate of $178.12 million. During the same quarter in the previous year, the firm earned ($1.89) earnings per share. The company’s revenue for the quarter was down 29.0% compared to the same quarter last year. On average, equities research analysts predict that PDC Energy Inc. will post ($0.43) EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC bought a new stake in shares of PDC Energy during the third quarter valued at about $1,011,000. Cornerstone Capital Management Holdings LLC. raised its stake in shares of PDC Energy by 224.7% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 53,181 shares of the company’s stock valued at $3,566,000 after buying an additional 36,800 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of PDC Energy by 31.6% in the third quarter. Ameritas Investment Partners Inc. now owns 4,682 shares of the company’s stock valued at $314,000 after buying an additional 1,124 shares during the last quarter. Phocas Financial Corp. raised its stake in shares of PDC Energy by 6.5% in the third quarter. Phocas Financial Corp. now owns 186,735 shares of the company’s stock valued at $12,522,000 after buying an additional 11,390 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of PDC Energy during the third quarter valued at about $1,013,000.

Several research analysts have recently weighed in on PDCE shares. KLR Group restated a “buy” rating and set a $80.00 price objective (down from $87.00) on shares of PDC Energy in a research note on Monday, September 12th. Credit Suisse Group AG restated a “buy” rating and set a $83.00 price objective on shares of PDC Energy in a research note on Thursday, August 25th. Royal Bank Of Canada boosted their price objective on shares of PDC Energy from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 10th. BMO Capital Markets lowered shares of PDC Energy from an “outperform” rating to a “market perform” rating and set a $58.00 price objective on the stock. in a research note on Monday, August 8th. Finally, Nomura restated a “hold” rating and set a $66.00 price objective on shares of PDC Energy in a research note on Monday, November 7th. Nine investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $72.79.

PDC Energy Company Profile

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