Thrivent Financial for Lutherans trimmed its stake in PDC Energy, Inc. (NASDAQ:PDCE – Get Rating) by 3.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 24,544 shares of the energy producer’s stock after selling 945 shares during the quarter. Thrivent Financial for Lutherans’ holdings in PDC Energy were worth $1,558,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of PDCE. U.S. Capital Wealth Advisors LLC purchased a new stake in PDC Energy in the fourth quarter valued at approximately $26,000. Geneos Wealth Management Inc. grew its stake in PDC Energy by 129.5% during the first quarter. Geneos Wealth Management Inc. now owns 443 shares of the energy producer’s stock worth $32,000 after buying an additional 250 shares during the period. Janiczek Wealth Management LLC grew its stake in PDC Energy by 76.5% during the fourth quarter. Janiczek Wealth Management LLC now owns 579 shares of the energy producer’s stock worth $38,000 after buying an additional 251 shares during the period. Covestor Ltd grew its stake in PDC Energy by 350.7% during the first quarter. Covestor Ltd now owns 631 shares of the energy producer’s stock worth $46,000 after buying an additional 491 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in PDC Energy by 38.5% during the third quarter. Quadrant Capital Group LLC now owns 831 shares of the energy producer’s stock worth $48,000 after buying an additional 231 shares during the period. 96.16% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Mizuho reiterated a “buy” rating and set a $93.00 price objective on shares of PDC Energy in a research note on Tuesday, April 11th. StockNews.com assumed coverage on shares of PDC Energy in a research note on Thursday. They set a “hold” rating for the company. The Goldman Sachs Group boosted their price objective on shares of PDC Energy from $65.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, April 21st. Roth Capital reiterated a “buy” rating on shares of PDC Energy in a research note on Friday, February 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of PDC Energy from $76.00 to $80.00 in a research note on Thursday, April 6th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, PDC Energy presently has an average rating of “Moderate Buy” and a consensus price target of $84.50.
Insider Buying and Selling at PDC Energy
PDC Energy Price Performance
Shares of PDCE stock opened at $65.12 on Friday. The company has a market capitalization of $5.70 billion, a PE ratio of 2.77, a price-to-earnings-growth ratio of 0.13 and a beta of 2.51. The firm has a fifty day simple moving average of $63.98 and a 200-day simple moving average of $66.55. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.31. PDC Energy, Inc. has a twelve month low of $51.72 and a twelve month high of $89.22.
PDC Energy (NASDAQ:PDCE – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The energy producer reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $3.05 by $0.17. PDC Energy had a net margin of 49.57% and a return on equity of 35.66%. The firm had revenue of $879.50 million for the quarter, compared to the consensus estimate of $892.11 million. During the same period in the prior year, the firm posted $2.86 EPS. The firm’s revenue was down 41.8% compared to the same quarter last year. Equities research analysts anticipate that PDC Energy, Inc. will post 13.46 earnings per share for the current fiscal year.
About PDC Energy
PDC Energy, Inc engages in the exploration and production of oil and natural gas. The firm acquires, explores, and develops properties for the production of crude oil, natural gas, and natural gas liquids. Its primary operations are located in the Wattenberg Field in Colorado and the Delaware Basin in Texas.
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