FY2022 Earnings Estimate for PDC Energy, Inc. (NASDAQ:PDCE) Issued By Capital One Financial

PDC Energy, Inc. (NASDAQ:PDCEGet Rating) – Analysts at Capital One Financial reduced their FY2022 earnings estimates for shares of PDC Energy in a research report issued to clients and investors on Tuesday, November 22nd. Capital One Financial analyst B. Velie now forecasts that the energy producer will post earnings of $16.11 per share for the year, down from their previous estimate of $16.24. The consensus estimate for PDC Energy’s current full-year earnings is $16.01 per share. Capital One Financial also issued estimates for PDC Energy’s Q4 2022 earnings at $3.57 EPS and Q1 2023 earnings at $3.97 EPS.

PDCE has been the topic of several other research reports. Truist Financial upped their price target on shares of PDC Energy from $97.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, October 7th. TheStreet upgraded shares of PDC Energy from a “c+” rating to a “b” rating in a research report on Wednesday, August 3rd. The Goldman Sachs Group downgraded shares of PDC Energy from a “buy” rating to a “neutral” rating and set a $74.00 price target on the stock. in a research report on Tuesday, October 18th. StockNews.com downgraded shares of PDC Energy from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Finally, KeyCorp initiated coverage on shares of PDC Energy in a research report on Monday, September 19th. They set a “sector weight” rating on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.75.

PDC Energy Stock Down 2.4 %

Shares of NASDAQ:PDCE opened at $75.21 on Thursday. PDC Energy has a 52 week low of $44.00 and a 52 week high of $89.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.48 and a current ratio of 0.48. The company’s fifty day moving average is $69.01 and its 200-day moving average is $67.09. The company has a market capitalization of $6.93 billion, a PE ratio of 3.86 and a beta of 2.52.

Insiders Place Their Bets

In other PDC Energy news, CFO R Scott Meyers sold 1,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $60.15, for a total transaction of $60,150.00. Following the completion of the sale, the chief financial officer now directly owns 113,128 shares of the company’s stock, valued at approximately $6,804,649.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO R Scott Meyers sold 1,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $60.15, for a total value of $60,150.00. Following the completion of the sale, the chief financial officer now directly owns 113,128 shares of the company’s stock, valued at approximately $6,804,649.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Barton R. Brookman, Jr. sold 2,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $60.54, for a total value of $121,080.00. Following the completion of the sale, the chief executive officer now directly owns 382,201 shares of the company’s stock, valued at $23,138,448.54. The disclosure for this sale can be found here. In the last three months, insiders sold 61,839 shares of company stock valued at $4,658,166. 1.20% of the stock is currently owned by insiders.

Institutional Trading of PDC Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Money Concepts Capital Corp increased its stake in shares of PDC Energy by 1.9% in the 3rd quarter. Money Concepts Capital Corp now owns 7,406 shares of the energy producer’s stock valued at $428,000 after acquiring an additional 137 shares during the last quarter. Apollon Wealth Management LLC increased its stake in PDC Energy by 2.3% during the 3rd quarter. Apollon Wealth Management LLC now owns 6,355 shares of the energy producer’s stock worth $367,000 after purchasing an additional 143 shares in the last quarter. Guggenheim Capital LLC increased its stake in PDC Energy by 0.5% during the 3rd quarter. Guggenheim Capital LLC now owns 28,899 shares of the energy producer’s stock worth $1,670,000 after purchasing an additional 145 shares in the last quarter. Securian Asset Management Inc. increased its stake in PDC Energy by 1.8% during the 3rd quarter. Securian Asset Management Inc. now owns 8,794 shares of the energy producer’s stock worth $508,000 after purchasing an additional 154 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in PDC Energy by 23.6% during the 3rd quarter. Fifth Third Bancorp now owns 853 shares of the energy producer’s stock worth $49,000 after purchasing an additional 163 shares in the last quarter. 96.91% of the stock is owned by institutional investors.

PDC Energy Company Profile

(Get Rating)

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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Earnings History and Estimates for PDC Energy (NASDAQ:PDCE)

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