New York State Teachers Retirement System lessened its stake in PDC Energy, Inc. (NASDAQ:PDCE) by 9.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 96,987 shares of the energy producer’s stock after selling 9,600 shares during the quarter. New York State Teachers Retirement System owned approximately 0.15% of PDC Energy worth $4,755,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in PDC Energy by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,395 shares of the energy producer’s stock valued at $103,000 after acquiring an additional 209 shares during the period. Seven Eight Capital LP bought a new stake in PDC Energy during the 2nd quarter valued at $107,000. Integrated Investment Consultants LLC raised its holdings in PDC Energy by 27.7% during the 2nd quarter. Integrated Investment Consultants LLC now owns 2,525 shares of the energy producer’s stock valued at $109,000 after acquiring an additional 547 shares during the period. Flinton Capital Management LLC raised its holdings in PDC Energy by 67.0% during the 2nd quarter. Flinton Capital Management LLC now owns 2,912 shares of the energy producer’s stock valued at $126,000 after acquiring an additional 1,168 shares during the period. Finally, Dubuque Bank & Trust Co. raised its holdings in PDC Energy by 38.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 3,262 shares of the energy producer’s stock valued at $141,000 after acquiring an additional 899 shares during the period.
PDC Energy, Inc. (PDCE) opened at $44.03 on Monday. PDC Energy, Inc. has a one year low of $36.74 and a one year high of $84.88. The firm has a market cap of $2,900.00, a P/E ratio of 112.90 and a beta of 0.82. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43.
PDCE has been the topic of several research analyst reports. Stifel Nicolaus set a $69.00 price target on shares of PDC Energy and gave the stock a “buy” rating in a report on Thursday, October 5th. BMO Capital Markets reaffirmed a “hold” rating and issued a $48.00 price target on shares of PDC Energy in a report on Friday, September 1st. Barclays PLC upped their price target on shares of PDC Energy from $59.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. SunTrust Banks, Inc. set a $55.00 target price on shares of PDC Energy and gave the stock a “buy” rating in a research report on Sunday, October 29th. Finally, KeyCorp reiterated a “buy” rating and issued a $55.00 target price on shares of PDC Energy in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company’s stock. PDC Energy currently has an average rating of “Hold” and an average price target of $68.95.
In other PDC Energy news, COO Scott J. Reasoner sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $49.64, for a total transaction of $49,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by company insiders.
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PDC Energy Profile
PDC Energy, Inc is an independent exploration and production company. The Company produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with operations in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. The Company operates through two segments: Oil and Gas Exploration and Production, and Gas Marketing.
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