PDC Energy Inc (NASDAQ:PDCE) – Investment analysts at Capital One Financial Corp. issued their Q1 2017 earnings per share estimates for PDC Energy in a research note issued on Wednesday. Capital One Financial Corp. analyst B. Velie anticipates that the energy producer will post earnings per share of ($0.03) for the quarter. Capital One Financial Corp. also issued estimates for PDC Energy’s Q2 2017 earnings at $0.05 EPS, Q3 2017 earnings at $0.13 EPS, Q4 2017 earnings at $0.17 EPS and FY2018 earnings at $1.29 EPS.

PDC Energy (NASDAQ:PDCE) last posted its earnings results on Tuesday, February 28th. The energy producer reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.14. The company had revenue of $108.09 million for the quarter, compared to analyst estimates of $206.40 million. PDC Energy had a negative net margin of 42.23% and a negative return on equity of 2.31%. The business’s revenue for the quarter was down 35.9% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share.

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

Several other research analysts also recently weighed in on PDCE. Canaccord Genuity set a $84.00 price objective on shares of PDC Energy and gave the stock a “buy” rating in a report on Thursday, January 12th. Zacks Investment Research upgraded shares of PDC Energy from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Wednesday, January 18th. KLR Group upgraded shares of PDC Energy from an “accumulate” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Friday, January 20th. Barclays PLC upped their price objective on shares of PDC Energy from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, January 26th. Finally, Credit Suisse Group AG upped their price objective on shares of PDC Energy from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, January 31st. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $79.67.

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Shares of PDC Energy (NASDAQ:PDCE) opened at 59.18 on Thursday. The firm’s market capitalization is $3.86 billion. PDC Energy has a 12-month low of $50.12 and a 12-month high of $84.88. The firm has a 50-day moving average of $63.59 and a 200 day moving average of $68.90.

A number of institutional investors have recently modified their holdings of PDCE. LS Investment Advisors LLC raised its position in shares of PDC Energy by 2.2% in the third quarter. LS Investment Advisors LLC now owns 1,698 shares of the energy producer’s stock worth $114,000 after buying an additional 37 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of PDC Energy by 3.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,626 shares of the energy producer’s stock worth $263,000 after buying an additional 126 shares in the last quarter. People s United Financial Inc. raised its position in shares of PDC Energy by 2.4% in the third quarter. People s United Financial Inc. now owns 5,615 shares of the energy producer’s stock worth $377,000 after buying an additional 131 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of PDC Energy by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,280 shares of the energy producer’s stock worth $689,000 after buying an additional 180 shares in the last quarter. Finally, Capital One National Association raised its position in shares of PDC Energy by 1.6% in the third quarter. Capital One National Association now owns 12,123 shares of the energy producer’s stock worth $813,000 after buying an additional 192 shares in the last quarter.

In other PDC Energy news, Director Joseph E. Casabona sold 1,000 shares of the stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $63.29, for a total transaction of $63,290.00. Following the completion of the transaction, the director now owns 30,456 shares in the company, valued at $1,927,560.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Barton R. Brookman, Jr. sold 1,700 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $62.27, for a total transaction of $105,859.00. Following the transaction, the chief executive officer now owns 176,681 shares of the company’s stock, valued at approximately $11,001,925.87. The disclosure for this sale can be found here. Insiders have sold 6,300 shares of company stock valued at $425,198 in the last quarter. Company insiders own 1.80% 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.

5 Day Chart for NASDAQ:PDCE

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