PDC Energy Inc (NASDAQ:PDCE) – KeyCorp dropped their Q4 2018 EPS estimates for shares of PDC Energy in a report released on Monday, February 11th. KeyCorp analyst L. Mariani now expects that the energy producer will post earnings of $0.48 per share for the quarter, down from their prior forecast of $0.51. KeyCorp has a “Overweight” rating and a $40.00 price objective on the stock. KeyCorp also issued estimates for PDC Energy’s Q1 2019 earnings at $0.38 EPS, Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.53 EPS and FY2019 earnings at $1.54 EPS.
Several other research firms also recently issued reports on PDCE. Williams Capital set a $77.00 price target on shares of PDC Energy and gave the stock a “buy” rating in a research note on Tuesday, November 6th. BidaskClub downgraded shares of PDC Energy from a “hold” rating to a “sell” rating in a research note on Friday, November 16th. Ifs Securities reaffirmed a “market perform” rating on shares of PDC Energy in a research note on Sunday, February 3rd. Zacks Investment Research downgraded shares of PDC Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, December 18th. Finally, Tudor Pickering downgraded shares of PDC Energy from a “buy” rating to a “hold” rating in a research note on Friday, December 14th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $62.45.
Shares of PDCE opened at $35.36 on Wednesday. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -10.16, a P/E/G ratio of 0.35 and a beta of 0.82. PDC Energy has a fifty-two week low of $26.59 and a fifty-two week high of $66.20. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.53.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund acquired a new position in shares of PDC Energy in the 4th quarter valued at about $25,000. Dubuque Bank & Trust Co. acquired a new position in shares of PDC Energy in the 4th quarter valued at about $26,000. MHI Funds LLC acquired a new position in shares of PDC Energy in the 4th quarter valued at about $143,000. Teton Advisors Inc. boosted its holdings in shares of PDC Energy by 8.5% in the 4th quarter. Teton Advisors Inc. now owns 7,700 shares of the energy producer’s stock valued at $229,000 after buying an additional 600 shares during the period. Finally, GWM Advisors LLC acquired a new position in shares of PDC Energy in the 3rd quarter valued at about $239,000.
In other news, Director Anthony J. Crisafio sold 1,500 shares of the business’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $34.21, for a total value of $51,315.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.
PDC Energy Company Profile
PDC Energy, Inc, an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company's operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas.
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