PDC Energy, Inc. (PDCE) Scheduled to Post Earnings on Wednesday
PDC Energy, Inc. (NASDAQ:PDCE) will be posting its quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect PDC Energy to post earnings of $0.02 per share for the quarter.
PDC Energy (NASDAQ:PDCE) last issued its earnings results on Tuesday, August 8th. The energy producer reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.20. PDC Energy had a net margin of 1.03% and a return on equity of 0.53%. The firm had revenue of $275.20 million for the quarter, compared to analyst estimates of $218.90 million. During the same quarter last year, the business posted ($0.11) earnings per share. The company’s quarterly revenue was up 1269.2% on a year-over-year basis. On average, analysts expect PDC Energy to post $0.29 EPS for the current fiscal year and $0.6 EPS for the next fiscal year.
Shares of PDC Energy, Inc. (NASDAQ PDCE) opened at 45.92 on Wednesday. PDC Energy, Inc. has a 12 month low of $36.74 and a 12 month high of $84.88. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 325.67 and a beta of 0.84. The firm has a 50-day moving average of $46.30 and a 200-day moving average of $47.35.
In other PDC Energy news, COO Scott J. Reasoner sold 1,000 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $49.64, for a total transaction of $49,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.91% of the company’s stock.
A number of brokerages have recently commented on PDCE. Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of PDC Energy in a report on Monday, August 21st. KeyCorp reissued a “buy” rating and issued a $55.00 price target on shares of PDC Energy in a report on Tuesday, September 26th. Stifel Nicolaus increased their price target on shares of PDC Energy from $69.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Imperial Capital began coverage on shares of PDC Energy in a report on Friday, August 18th. They issued an “outperform” rating and a $66.00 price target on the stock. Finally, Zacks Investment Research raised shares of PDC Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $69.41.
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.
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