Insider Selling: Anthony J. Crisafio Sells 1,500 Shares of PDC Energy Stock (PDCE)
PDC Energy (NASDAQ:PDCE) Director Anthony J. Crisafio sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $61.81, for a total transaction of $92,715.00. Following the completion of the sale, the director now directly owns 19,153 shares of the company’s stock, valued at approximately $1,183,847. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of PDC Energy from $72.00 to $81.00 in a research note on Friday, May 16th. They now have an “outperform” rating on the stock. Separately, analysts at KLR Group raised their price target on shares of PDC Energy from $1.00 to $60.00 in a research note on Friday, May 9th. Finally, analysts at Brean Capital initiated coverage on shares of PDC Energy in a research note on Thursday, May 8th. They set a “buy” rating and a $75.00 price target on the stock. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $75.38.
PDC Energy (NASDAQ:PDCE) traded up 2.79% on Thursday, hitting $64.81. The stock had a trading volume of 841,459 shares. PDC Energy has a 1-year low of $44.72 and a 1-year high of $73.93. The stock has a 50-day moving average of $61.48 and a 200-day moving average of $57.25. The company has a market cap of $2.274 billion and a price-to-earnings ratio of 144.28.
PDC Energy (NASDAQ:PDCE) last released its earnings data on Tuesday, May 6th. The company reported $0.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.09. The company had revenue of $129.80 million for the quarter, compared to the consensus estimate of $136.93 million. During the same quarter last year, the company posted ($1.30) earnings per share. PDC Energy’s revenue was up 63.5% compared to the same quarter last year. On average, analysts predict that PDC Energy will post $1.37 earnings per share for the current fiscal year.
PDC Energy, Inc (NASDAQ:PDCE) doing business as PDC Energy, is a domestic independent exploration and production company, which acquires, develops, explores, and produces natural gas, natural gas liquids (NGLs), and crude oil.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.