PDC Energy, Inc. (NASDAQ:PDCE) – Investment analysts at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for shares of PDC Energy in a research report issued on Thursday, Zacks Investment Research reports. Jefferies Group analyst M. Lear anticipates that the energy producer will post earnings of $0.43 per share for the year. Jefferies Group has a “Buy” rating and a $60.00 price objective on the stock. Jefferies Group also issued estimates for PDC Energy’s Q4 2017 earnings at $0.20 EPS, Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.41 EPS, FY2018 earnings at $1.30 EPS, Q1 2019 earnings at $0.80 EPS, Q2 2019 earnings at $0.90 EPS, Q3 2019 earnings at $0.84 EPS and FY2019 earnings at $3.35 EPS.
PDCE has been the subject of a number of other reports. Williams Capital set a $67.00 price target on PDC Energy and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Imperial Capital initiated coverage on PDC Energy in a research note on Friday, August 18th. They set an “outperform” rating and a $66.00 price target for the company. Stifel Nicolaus reissued a “buy” rating and set a $76.00 price target on shares of PDC Energy in a research note on Wednesday, August 16th. Seaport Global Securities raised PDC Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $46.00 to $51.00 in a research note on Friday, August 11th. Finally, Mizuho raised PDC Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $53.00 to $55.00 in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company. PDC Energy presently has an average rating of “Hold” and an average price target of $69.00.
PDC Energy (PDCE) traded down $1.47 during trading hours on Monday, hitting $41.57. The stock had a trading volume of 1,067,959 shares, compared to its average volume of 1,086,111. The company has a market cap of $2,830.00, a price-to-earnings ratio of 112.15 and a beta of 0.80. PDC Energy has a 1-year low of $36.74 and a 1-year high of $84.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.90.
Hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers grew its stake in PDC Energy by 8.7% during the 2nd quarter. Rhumbline Advisers now owns 129,684 shares of the energy producer’s stock worth $5,591,000 after buying an additional 10,360 shares during the last quarter. Monarch Partners Asset Management LLC purchased a new position in PDC Energy during the 3rd quarter worth $8,790,000. Dynamic Technology Lab Private Ltd purchased a new position in PDC Energy during the 3rd quarter worth $666,000. Stevens Capital Management LP purchased a new position in PDC Energy during the 2nd quarter worth $978,000. Finally, Tricadia Capital Management LLC purchased a new position in PDC Energy during the 2nd quarter worth $693,000.
In other news, COO Scott J. Reasoner sold 1,000 shares of PDC Energy stock in a transaction on Monday, October 16th. The stock was sold at an average price of $49.64, for a total value of $49,640.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.91% of the company’s stock.
PDC Energy Company 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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